May Tower Condominium Rules
In Ontario, condominiums are governed by the Condominium Act, 1998 with each development establishing a corporation to deal with day-to-day functions (maintenance, repairs, etc …). A board of directors is elected by the owners of units in the development on at least a yearly basis.
A general meeting is held annually to deal with board elections and the appointment of an auditor (or waiving of audit). Other matters can also be dealt with at the Annual General Meeting, but special meetings of the owners can be called by the board and, in some cases, by the owners themselves, at any time.
The Condominium Act, 1998 came into force on May 5, 2001. Materials were developed to assist staff and clients of the Land Registration System with the registration of the various types of condominiums permitted under the Act.
Click here to download a printable PDF version of the condominium act 1998
Maytower II Condominium By-Laws
The main difference between a bylaw and a "law" passed by a federal, state or provincial body, is that a bylaw is a regulation passed by a non-sovereign body, which derives its authority from another governing body. A municipal government gets its power to pass laws through a charter or a law of the state/provincial or federal government which specifies what things the city may regulate through bylaws.
Similarly, a business or corporate body also gets its ability to pass bylaws relevant to its operation from some law or act passed by some public body for the purpose of regulating corporate activities.
MAY TOWER II BYLAWS
- By-Law No. 1
(General procedures, seal, board and more) - By-law No. 2 - Shared Facilities Agreement.
The proportionate share of May Tower I and May Tower II is calculated by number of units. i.e. 49% May Tower I and 51% May Tower II. (261 and 271 units respectively) - By-law No. 3 - Driveway Entrance Agreement
- By-law No. 4 - Mediation and arbitration procedure.
Outlines the set of procedures to follow should a dispute arise, as between the Corporation and a unit owner. - By-law No. 5 -Definition of a standard unit.
If repairs are needed in a unit the corporation will pay only to bring it to the standards defined by this by-law. (The corporation will not repair upgrades made by current or previous owners). - By-law No. 6 - Amended Shared Facilities Agreement