45(1)A corporation may consolidate into one parcel the parcels of 2 or more adjacent units if the corporation has the consent of the owners of at least 60% of the common elements and complies with any requirement prescribed by regulation.
45(2) The parcels of 2 or more adjacent units may be consolidated despite being separated by a common element.
45(3)Despite subsection 10.4(1) of the Land Titles Act, parcels consolidated under subsection (1) shall be assigned one parcel identification number despite that the parcels are not adjoining.
45(4)The following applies to a consolidated unit:
(a)
the proportions of the common interests with respect to the consolidated unit are equal to the proportions of the common interest with respect to all the units that are consolidated;
(b)
the proportion in which the owner of the consolidated unit is to contribute to the common expenses is equal to the proportion in which all the owners of the units that are consolidated contributed to the common expenses; and
(c)
the proportion in which the owner of the consolidated unit is to have voting rights in the corporation is equal to the proportion in which all the owners of the units that are consolidated had voting rights in the corporation.
45(1)A corporation may consolidate into one parcel the parcels of 2 or more adjacent units if the corporation has the consent of the owners of at least 60% of the common elements and complies with any requirement prescribed by regulation.
45(2) The parcels of 2 or more adjacent units may be consolidated despite being separated by a common element.
45(3)Despite subsection 10.4(1) of the Land Titles Act, parcels consolidated under subsection (1) shall be assigned one parcel identification number despite that the parcels are not adjoining.
45(4)The following applies to a consolidated unit:
(a)
the proportions of the common interests with respect to the consolidated unit are equal to the proportions of the common interest with respect to all the units that are consolidated;
(b)
the proportion in which the owner of the consolidated unit is to contribute to the common expenses is equal to the proportion in which all the owners of the units that are consolidated contributed to the common expenses; and
(c)
the proportion in which the owner of the consolidated unit is to have voting rights in the corporation is equal to the proportion in which all the owners of the units that are consolidated had voting rights in the corporation.