Acts and Regulations

C-16.05 - Condominium Property Act

Section 42
Disposition versions

Full text
Modifications to common elements and assets
42(1)By a vote of the owners of at least 60% of the common elements, or a greater percentage if specified in the declaration, a corporation may do the following:
(a) make a substantial addition, alteration or improvement to or renovation of the common elements; and
(b) make a substantial change in the assets of the corporation.
42(2)By a vote of the owners of a majority of the common elements, a corporation may do the following:
(a) make any other addition, alteration or improvement to or renovation of the common elements; and
(b) make any other change in the assets of the corporation.
42(3)The cost of a substantial addition, alteration or improvement to or renovation of the common elements or the cost of a substantial change in the assets of the corporation is a common expense and shall be paid out of the corporation’s reserve fund.
42(4)The cost of any other addition, alteration or improvement to or renovation of the common elements or any other change in the assets of the corporation is a common expense and shall be paid out of the corporation’s operating fund or contingency fund, as determined by the corporation.
Modifications to common elements and assets
42(1)By a vote of the owners of at least 60% of the common elements, or a greater percentage if specified in the declaration, a corporation may do the following:
(a) make a substantial addition, alteration or improvement to or renovation of the common elements; and
(b) make a substantial change in the assets of the corporation.
42(2)By a vote of the owners of a majority of the common elements, a corporation may do the following:
(a) make any other addition, alteration or improvement to or renovation of the common elements; and
(b) make any other change in the assets of the corporation.
42(3)The cost of a substantial addition, alteration or improvement to or renovation of the common elements or the cost of a substantial change in the assets of the corporation is a common expense and shall be paid out of the corporation’s reserve fund.
42(4)The cost of any other addition, alteration or improvement to or renovation of the common elements or any other change in the assets of the corporation is a common expense and shall be paid out of the corporation’s operating fund or contingency fund, as determined by the corporation.