TABLE OF CONTENTS TO DISCLOSURE STATEMENT

Transcription

1 TABLE OF CONTENTS TO DISCLOSURE STATEMENT for JASPER CONDOS A STANDARD CONDOMINIUM PLAN located at 716 Main Street East Milton, Ontario by MILTON CENTRE CO-OPERATIVE DEVELOPMENT CORPORATION A Condominium Project Pursuant to the Condominium Act, 1998

2 Table of Contents Page 2 of 5 Form 12 Condominium Act, 1998 DISCLOSURE STATEMENT TABLE OF CONTENTS (under subsection 72 (4) of the Condominium Act, 1998 the Act ) Declarant s name: Milton Centre Co-operative Development Corporation Declarant s municipal address: 26 Colborne Street, Cambridge, Ontario N1R 1K8. Brief legal description of the property: Part Lot 13, Concession 3 Trafalgar; being Part 1 on Reference Plan 20R-9214; all in the Town of Milton, Halton Region and currently all of PIN (LT). Mailing address of the property: c/o M.F. Property Management, 373 Woolwich Street, Guelph, Ontario N1H 3W4. Municipal address of the property (if available): 716 Main Street East, Milton, Ontario. Condominium Corporation: Halton Standard Condominium Corporation. (known as the Corporation ). The Table of Contents is a guide to where the disclosure statement deals with some of the more common areas of concern to purchasers. Purchasers should be aware that the disclosure statement, which includes a copy of the existing or proposed declaration, by-laws and rules, contains provisions that are of significance to them, only some of which are referred to in this Table of Contents. Purchasers should review all documentation. In this Table of Contents, 1. unit or units include proposed unit or units; 2. common elements includes proposed common elements; 3. common interest includes a proposed common interest; and 4. property includes proposed property.

3 Table of Contents Page 3 of 5 This disclosure statement deals with significant matters, including the following: Matter 1. The Corporation is a freehold condominium corporation that is a standard condominium corporation. Specify the article, paragraph (and/or clause) and page number where the matter is dealt with in the existing declaration, bylaws, rules or other material in the disclosure statement Article 1, clause 1, on page 1 of the disclosure statement, and on page 2 of the declaration. 2. The property or part of the property is or may be subject to the Ontario New Home Warranties Plan Act. Article 7 on Pages 4, 5 and 6 of the disclosure 3. The common elements and the units are enrolled or are intended to be enrolled in the Plan within the meaning of the Ontario New Home Warranties Plan Act in accordance with the regulations made under that Act. Article 7, clause 1 on Pages 4 and 5 of the disclosure te: Enrolment does not necessarily mean that claimants are entitled to warranty coverage. Entitlement to warranty coverage must be established under the Ontario New Home Warranties Plan Act. 4. A building on the property or a unit has been converted from a previous use. Article 16, clause 6 on page 5. One or more units or a part of the common elements may be used for commercial or other purposes not ancillary to residential purposes. Article II, clause 2 on page 5 of the declaration. 6. A provision exists with respect to pets on the property. 7. There exist restrictions or standards with respect to the use of common elements or the occupancy and use of units that are based on the nature or design of the facilities and services on the property or on other aspects of the buildings located on the property. 8. The Declarant intends to lease a portion of the units. Article 5 on page 4 of the disclosure statement; and Article VI on pages 19, 20 and 21, inclusive, of the declaration; and rules 12 to 14, inclusive, on page 3 of the proposed rules. Article 2, on page 2, Article 3, on pages 2 and 3, Article 4, on page 3, and Article 5, on page 4 of the disclosure statement; Article II, pages 4 to 12 of the declaration; Article IV, pages 14 to 18 of the declaration; rules 2 to 4 and 6 on pages 2 to 3 of the proposed rules; rules 11, 12, 15 and 18 to 23 on page 3 of the proposed rules; rule 26 on page 4 of the proposed rules. Article 2, clause 7 on page 2

4 Table of Contents Page 4 of 5 9. The common interest appurtenant to one or more units differs in an amount of 10 per cent or more from that appurtenant to any other unit of the same type, size and design. Article 1, clause 5 on page 1 of the disclosure 10. The amount that the owner of one or more units is required to contribute to the common expenses differs in an amount of 10 per cent or more from that required of the owner of any other unit of the same type, size and design. Article 1, clause 5 on page 1 of the disclosure 11. One or more units are exempt from a cost attributable to the rest of the units. Article 8, clause 2 on Page 6 of the disclosure 12. There is an existing or proposed by-law establishing what constitutes a standard unit. 13. Part or the whole of the common elements are subject to a lease or licence. Article 14, clause 4 on page statement; Article X on pages 11 to 13 of proposed by-law. 1. Article 11 on page 6 of the disclosure 14. Parking for owners is allowed: (a) (b) (c) in or on a unit; on the common elements; on a part of the common elements of which an owner has exclusive use. There are restrictions on parking. 15. Visitors must pay for parking. Article 4, on page 3 of the disclosure statement; Article VII, clause 3 on page 21 of the declaration. Article VII, clause 3 on page 21 of the declaration. Schedule F on page 35 of the declaration. Article II, clause 4 on page 6 of the declaration; Article VIII, clauses 1 to 9, inclusive, on pages 21 and 22 of the declaration; rules 5 to 9 on page 2 of the proposed rules. Article VII, clause 9 on page 22 of the declaration. There is visitor parking permitted on the property. Article 1, clause 4 on page 1 Article VII, clause 9 on page 22 of the declaration. 16. The Declarant may provide major assets and property, even though it is not required to do so. 17. The corporation is required: Article 16, clause 7 on page (a) to purchase units or assets; (b) to acquire services;

5 Table of Contents Page 5 of 5 (c) to enter into agreements or leases with the Declarant or a subsidiary body corporate, holding body corporate or affiliated body corporate of the Declarant. The Corporation must enter into the Indemnity Agreement with the Declarant. 18. The Declarant or a subsidiary body corporate, holding body corporate or affiliated body corporate of the Declarant owns land adjacent to the land described in the description. 19. To the knowledge of the Declarant, the Corporation intends to amalgamate with another corporation or the Declarant intends to cause the Corporation to amalgamate with another corporation within 60 days of the date of registration of the declaration and description for the Corporation. Article 13 on pages 6 and 7 Article 15, clauses 1 and 2 on page Article 9, clauses 1 and 2 on page 6 of the disclosure 20. n/a 21. n/a 22. n/a 23. n/a 24. n/a 25. n/a 26. n/a 27. n/a The purchaser s rights under the Condominium Act, 1998 to rescind an agreement of purchase and sale are set out at Pages 8 and 9, inclusive, of the disclosure statement where sections 73 and 74 of the Act are reproduced. This disclosure statement is made this 25 th day of September, 2014.