Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Choose your role:
Simcoe Standard Condominium Corporation No. 356 v. Prpic
Corporation:
Date:
2024-12-12
Summary:
The owner of a condo unit sought access to various records related to the corporation, including meeting minutes, financial statements, and contracts. The Condominium Authority Tribunal (CAT) ruled in favor of the owner and ordered the condo corporation to provide the requested records, with exceptions.
Under:
Records
Verdict:
The CAT ruled that the condo corporation must provide the owner with the requested records, with some exceptions. This decision underscores the importance of transparency and the right of condo owners to have access to most corporate records.
Takeaways:
- Condo corporations must provide unit owners with access to most corporate records upon request.
- However, there are certain exceptions to this rule, such as records related to ongoing litigation.
- Non-compliance with this rule can result in the condo corporation being ordered to pay costs.
Recommendations:
- Condo boards should ensure they have a clear and transparent process for condo owners to request access to corporate records.
- Condo boards should also make sure they understand the exceptions to this rule to avoid providing access to records inappropriately.
- Condo managers should ensure that records are kept in a proper, organized, and timely manner to facilitate such requests.