Condominium Meetings - Bill 190 And Amendments To Condominium Act, 1998 - May 13, 2020 Update

FR
Fogler, Rubinoff LLP

Contributor

For more than 40 years, we have invested in the success of each of our clients, leading them toward the achievement of their business and legal goals. The team focused nature of our firm means that clients benefit from our collective experience and the tailored approach we bring to each matter. At Fogler, Rubinoff LLP we pride ourselves on our exceptional client service, resourcefulness, and our entrepreneurial spirit. With expertise in over twenty areas of practice and across numerous industries, we see ourselves as a centralized resource for our clients. Our clients include financial institutions, publicly traded corporations, securities dealers, emerging companies, construction companies, real estate developers and lenders, franchisors, First Nations, and family-owned enterprises and individuals. To learn more about how we can assist with your business and legal needs visit: foglers.com.
On May 12, 2020, the provincial legislature approved (temporary) amendments to the Condominium Act, 1998 as part of Bill 190, the "COVID-19 Response and Reforms to Modernize Ontario Act, 2020".
Canada Coronavirus (COVID-19)
To print this article, all you need is to be registered or login on Mondaq.com.

On May 12, 2020, the provincial legislature approved (temporary) amendments to the Condominium Act, 1998 (the "Act") as part of Bill 190, the "COVID-19 Response and Reforms to Modernize Ontario Act, 2020".

Largely, these amendments to the Act mirror the earlier COVID-19 emergency order concerning condominium meetings and related issues. The emergency order, for example, provided time extensions for Annual General Meetings, allowed for 'virtual' condominium owners' meetings, permitted electronic service and implemented various other related measures.

An important (and new) part of Bill 190 is a definition of the transition period during which the new measures will continue to apply once the emergency is declared "over" by the Ontario government. Essentially, once the emergency ends, the new measures (e.g. virtual meetings) will extend for an additional 120 days, and might be extended further.

This is helpful, especially as one concern with the earlier emergency order was that if the emergency ended, any pending virtual meetings may not be able to proceed. The 120 day extension will ensure that such virtual meetings may proceed as planned.

It should be kept in mind, however, that the conditions and extensions of AGMs remain in place. As a reminder, the extensions for AGM operate as follows:

  • Where the deadline to hold an AGM falls within the period of the declared emergency, the time to hold the meeting is extended to 90 days after the emergency is terminated.
  • Where the deadline to hold an AGM falls within 30 days after the declared emergency is terminated, the time to hold the meeting is extended to 120 days after the emergency is terminated.

Finally, the Ontario government has also extended the emergency to June 2, 2020. This is welcome confirmation for the many condominiums with June 30 AGM deadlines that those deadlines are now officially extended by the Act.

Please look for future communications as we continue to update our client and industry contacts of significant developments related to the COVID-19 crisis and other condominium matters.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Condominium Meetings - Bill 190 And Amendments To Condominium Act, 1998 - May 13, 2020 Update

Canada Coronavirus (COVID-19)

Contributor

For more than 40 years, we have invested in the success of each of our clients, leading them toward the achievement of their business and legal goals. The team focused nature of our firm means that clients benefit from our collective experience and the tailored approach we bring to each matter. At Fogler, Rubinoff LLP we pride ourselves on our exceptional client service, resourcefulness, and our entrepreneurial spirit. With expertise in over twenty areas of practice and across numerous industries, we see ourselves as a centralized resource for our clients. Our clients include financial institutions, publicly traded corporations, securities dealers, emerging companies, construction companies, real estate developers and lenders, franchisors, First Nations, and family-owned enterprises and individuals. To learn more about how we can assist with your business and legal needs visit: foglers.com.
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More