Requisitions – Not all bad!

Section 46 of the Condominium Act, 1998 (the “Act”) permits the owners to demand a meeting of the owners (often called a “requisition meeting”). To prevent a single owner from causing unnecessary cost and disruption, the Act requires the demand (called a “requisition”) to be made by the owners of at least 15 percent (15%) of the units. It is noteworthy that it is the owners listed in the condominium’s records, not the registered owners that may requisition the meeting. Because of this distinction, it is important for the owners to notify the condominium when they purchase their units and for the condominium to update its records when such notices are received from the owners. Continue reading