Another Draft Regulation Is Available for Comment
On July 7, 2017, another proposed regulation was released for comment. The regulation addresses the returns and notices of change to be filed by condos and the public database to be created by the registrar created by the Condominium Authority of Ontario (CAO). Any person can provide comments on the proposed regulation online or by mail by August 22, 2017. The draft regulation and a plain language version are available online at http://www.ontariocanada.com/registry/view.do?postingId=24490&language=en. Types & Timing of Returns There are four types of returns that will be filed with the registrar:
- Initial Return - after registration of the declaration and description creating the condominium (if created after this part comes into force).
- Turn-over Return - after the turn-over meeting is held and a new board is elected (if the turn-over meeting is after this part comes into force).
- Transitional Return - one-time return for all condominiums created and turned over before the returns come into force.
- Annual Return - to be filed between January 1 and March 31 each year.