Condominium Act Amendments Passed

The Nova Scotia Legislature passed Bill 106, which includes amendments to the Condominium Act. Some of the changes include requiring new declarations to include a clear explanation of percentage ownership of common elements, voting power, and contribution to expenses, clarifying voting requirements, mandating a handover meeting for the Board of Directors within a year from the sale of the first unit by the developer, prohibiting condominium corporations from purchasing units until the Board is elected, and increasing the majority required for less-than-substantial changes to common elements from a simple majority to 66 2/3%. The amendments also address financial statements, estoppel certificates, identification of tenants, and developers' sales materials. However, some recommendations by CCI-NS were not included, indicating the need for a more thorough review of the Condominium Act.