Unit owners may be required to complete and provide a Lease Agreement signed by the tenants to Management for the Corporation’s records.
Until the Corporation is in receipt of the documents duly completed and executed the Corporation shall be under no obligation whatsoever to permit or to provide access to the Unit and the Common Elements to the tenant.
Some Condominium Corporations have the requirement of a Leasing Levy. Details regarding the Leasing Levy requirements and the amount to be paid to the Corporation can be found in the Corporation’s Declaration and By-laws. This money is refundable at the end of a tenancy (with interest if provided for in the By-laws) unless the Condominium Corporation has an allowable claim against it.
Note: The maximum leasing levy allowed under The Condominium Act is $1,500.
