Week Two Question: The Condo Law News: Change is in the Air Contest – 2016 Edition
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The Official Week Two Question is:
Many declarations, by-laws or rules contain “indemnification” provisions. These usually state that an owner is responsible for any claims or expenses suffered or incurred by the condominium corporation (as a result of an act or omission of that owner) if those claims or expenses are not covered by the corporation’s insurance. These provisions also typically confirm that the “charge back” can be added to the common expenses for the subject unit.
Bill 106 appears to say that, in order to add a “charge back” to the common expenses for a unit, a condominium’s declaration must contain an indemnification provision.
True or False?
The question period is now over, thanks for playing!
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