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Condo Corporation Indemnification

Author: 
Toronto Condo News
Publication date:
March 25, 2019
Article Summary: 

Condo corporations are expected to take action to ensure compliance with governing documents, which can involve incurring costs. Indemnification is reasonable when the breach is clear and unambiguous. However, it can be difficult to enforce if enforcement is inconsistent or favourable treatment is provided to some owners. Additionally, a Board may use an indemnification clause to silence or penalize condo owners.

Keywords: 

Condominiums, Condominiums requirements, Condominium Act, Condominium Law, Condominium Agreements, Condominium Corporation, Co-ownership, Corporate Condo, Indemnification clauses, Condo Corporations, Rules and Bylaws

Source Citation: 
Toronto Condo News
Condo Corporation Indemnification
March 25, 2019
https://tocondonews.com/archives/condo-corporation-indemnification/
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