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Condominium Development in Ontario: A Practical Guide
Author
:
Raymond H. Mikkola
According to the Ontario government, in 2021, there are about 900,000 condominium units and over 11,000 condominium corporations across the province. Learn more about this growing and evolving industry through this practical guide.
Publication Language: English
Published: December 06, 2021
Publisher: LexisNexis Canada
Over the past years, condominium development has been on the rise across Ontario, making it more important than ever for real estate lawyers and other professionals to have a firm grasp of the legal ins and outs of the industry. This new publication provides the information and insight needed to successfully navigate the issues they might encounter, from acquiring land and applying for draft plan approval, to selling units and registering the condominium.
Written by a recognized expert real estate practitioner with more than 30 years of experience, Condominium Development in Ontario: A Practical Guide is an accessible, affordable book that offers a comprehensive overview of this dynamic area of the law.
Structured as a practical, “how to” guide, this volume promises to provide real estate lawyers, real estate professionals, condominium developers and builders with valuable information, including:
- A history of condominium law in Ontario – from its early beginnings to present day
- Step-by-step direction about handling condominium development matters and purchases/sales
- Expert advice on identifying and overcoming troublesome scenarios
- Chapters dedicated to providing insight specific to boards and to purchasers/sellers
- An appendix featuring the full Condominium Act
Condominium Development in Ontario: A Practical Guide would also be a useful acquisition for law students and law libraries.
Chapter 1: The genesis of condominiums in Ontario
[1] The need for a statute
[2] Ontario’s first Condominium Act
[3] Conclusion
Chapter 2: The acquisition of land for condominium development
[1] The role of the lawyer
[2] The letter of intent
[3] The agreement of purchase and sale
[4] Who should be purchaser, and owner?
[5] Other relevant terms in the purchase agreement
Chapter 3: Commencing the condominium development process
[1] Initial planning meeting
[2] Application for draft plan approval
Chapter 4: Sale of units
[1] The agreement of purchase and sale
[2] Disclosure requirements
Chapter 5: Registering the condominium: The role of the declarant’s lawyer
[1] General
[2] Satisfying the “has been constructed” requirement
[3] Satisfying draft plan conditions of condominium approval
[4] Land Titles Absolute or Land Titles Absolute Plus
[5] Preparation and execution of the final form of declaration
[6] Publication of Construction Act notice
[7] Submission of declaration and description to the Land Registry Office for registration
Chapter 6: Organizing the condominium in preparation for final unit closings
[1] General
[2] Minute book and seal
[3] First board
Chapter 7: Transferring control to owner-elected directors
[1] General
[2] Role of directors on first board
[3] Election of directors by unit owners to first board
[4] Turn-over meeting
[5] Turn-over of documents
Chapter 8: Non-standard condominiums
[1] Non-standard condominiums generally
[2] Common elements condominiums
[3] Phased condominiums
[4] Vacant land condominiums
[5] Leasehold condominiums
Appendices
