Acts and Regulations

C-16.05 - Condominium Property Act

Section 12
Disposition versions

Full text
Effects of approval - phased-development condominium properties
12(1)The registration of a phased-development condominium property constitutes a subdivision of land and creates a lot as described in the description of that phase of the development.
12(2)On the registration of an amendment to a declaration and description which creates a subsequent phase of a phased-development condominium property, that phase is consolidated into one lot with the previously registered phases of the phased-development condominium property.
12(3)A declarant with phased-development rights in a condominium property on the commencement of this section has 10 years from the date of commencement to exercise his or her phased-development rights, after which the rights will be void and the corporation will have unrestricted ownership of the condominium property.
2009, c.52, s.1
Effects of approval - phased-development condominium properties
12(1)The registration of a phased-development condominium property constitutes a subdivision of land and creates a lot as described in the description of that phase of the development.
12(2)On the registration of an amendment to a declaration and description which creates a subsequent phase of a phased-development condominium property, that phase is consolidated into one lot with the previously registered phases of the phased-development condominium property.
12(3)A declarant with phased-development rights in a condominium property on the commencement of this section has 10 years from the date of commencement to exercise his or her phased-development rights, after which the rights will be void and the corporation will have unrestricted ownership of the condominium property.
2009, c.52, s.1
Effects of approval - phased-development condominium properties
12(1)The registration of a phased-development condominium property constitutes a subdivision of land and creates a lot as described in the description of that phase of the development.
12(2)On the registration of an amendment to a declaration and description which creates a subsequent phase of a phased-development condominium property, that phase is consolidated into one lot with the previously registered phases of the phased-development condominium property.
12(3)A declarant with phased-development rights in a condominium property on the commencement of this section has 10 years from the date of commencement to exercise his or her phased-development rights, after which the rights will be void and the corporation will have unrestricted ownership of the condominium property.
2009, c.52, s.1
Effects of approval - phased-development condominium properties
12(1)The registration of a phase of a phased-development condominium property constitutes a subdivision of land and creates a lot as described in the description of that phase.
12(2)On the registration of a subsequent phase of a phased-development condominium property, that phase is consolidated into one lot with the previously registered phases of the phased-development condominium property.
12(3)A declarant with phased-development rights in a condominium property on the commencement of this section has 10 years from the date of commencement to exercise his or her phased-development rights, after which the rights will be void and the corporation will have unrestricted ownership of the condominium property.