Toronto Condominium Act

The Toronto Condominium Act regulates how condominiums in Ontario, including Toronto, are governed. It sets out rules for the creation, management, and operation of condo corporations, including owners' rights and responsibilities, voting procedures, and dispute resolution. The Act ensures transparency, accountability, and proper maintenance of condo properties by establishing procedures for approving budgets, appointing trustees, and handling common expenses. It also provides protections for owners and sets standards for condo boards to ensure efficient and fair management of shared living spaces. Overall, it aims to balance the interests of individual owners with the effective governance of condominiums.