Amendments to the Condominium Act: Repair & Insurance Obligations in relation to Units

The coming legislative amendments will bring some changes relating to repair and maintenance obligations of condominium corporations and owners. What are those changes; and what impact will they have on condominium insurance?  The Condominium Act (the “Act”) currently indicates that, subject to the contents of a condominium’s declaration, the condominium corporation is responsible for repairing units after damage. The amended Act will say that owners must repair their units – unless the declaration says otherwise. In our view, this will have very little impact on most condominiums, for the following reason: Almost all declarations spell out the repair and maintenance obligations.    Read the article…………..

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