The Condominium Property Act sets out the rules for working and managing condominiums in New Brunswick. eight. To unit homeowners, the proceeds of any sale of affiliation property, the remaining association property, widespread surplus, and different assets of the association, subject to satisfaction of liens on every unit in their order of precedence, in shares specified in the plan of termination, except objected to by a unit proprietor or a lienor as offered in paragraph (b).
2. The division might challenge an order requiring the developer, bulk assignee, bulk buyer, affiliation, developer-designated officer, or developer-designated member of the board of … Read More...
The Condominium Management and Administration certificates program is obtainable in partnership with the Association of Condominium Managers of Ontario (ACMO). If the condominium devices require approval of any mortgagee or lienholder of record and the mortgagee or lienholder of document receives a request to approve or consent to the modification to the condominium devices, the mortgagee or lienholder of report is deemed to have permitted or consented to the request except the mortgagee or lienholder of report delivers a adverse response to the requesting social gathering within 60 days after the mailing of the request.