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Why have a standard unit bylaw?

Author: 
CondoGenie
Publication date:
May 22, 2020
Article Summary: 

The article explains why it is important for condo corporations to have a standard unit bylaw. Such a bylaw defines the limits of what the corporation is responsible for repairing in case of damage, and what is the responsibility of the unit owner. The article also discusses the benefits of having a standard unit bylaw, such as clarity on insurance coverage and reduced insurance premiums.

Keywords: 

Condo, standard unit bylaw, declaration, Condominium Act, unit, improvement, corporation, repair, damage, responsibility, owner, insurance, insurable loss, insurance coverage, deductible, premium, insurance company, insurance market, definition, revision,

Source Citation: 
CondoGenie
Why have a standard unit bylaw?
May 22, 2020
https://www.reminetwork.com/articles/condo-standard-unit-bylaw/
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