RTA · Condominium Property Regulation
Part 1 — Registration of Condominium Plans and Other Condominium Documents
7 Information to be contained in Schedule
Schedule to the plan is to be in the form set by the Registrar and is
to set out the following:
(a) the unit number;
(b) the unit factor;
(c) the basis for determining the unit factor;
(d) the approximate floor area for each unit, in the case of a
building;
(e) the approximate ground area for each unit, in the case of
land divided into bare land units.
AR 168/2000 s7;108/2004;154/2019
(1) A corporation in the corporation's discretion may
(a) call in any money held in trust invested in securities oth er
than those authorized by this Schedule and invest the
money held in trust in securities authorized by this
Schedule, and
(b) vary any investments authorized by this Schedule.
(2) No corporation is liable for a breach of trust by reason only of
the corporation's continuing to hold an investment that since its
acquisition by the corporation has ceased to be one authorized by
the instrument of trust or by this Schedule.
(3) When a corporation has improperly advanced money held in
trust on a mortgage that would at the time of the investment have
been a proper investment in all respects for a lesser sum than was
actually advanced, the security is deemed to be an authorized
investment for that lesser sum and the corporation is liable to make
good only the amount advanced in excess of the lesser amount with
interest.
(1) At an election of members of the board, each person who has
a right to vote may vote for the same number of nominees as there
are vacancies to be filled on the board.
(2) A person who owns 2 or more units may vote in respect of
each unit in an election.