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FAQs

What happens at an annual general meeting and what are the unit owner’s rights at the meeting?

An annual general meeting must be held no more than six months after the end of the Condominium Corporation’s fiscal year. The meeting is presided over by a chairperson (usually the President) and minutes of the meeting are kept. Motions are presented and seconded, discussed and voted upon. Owners at meetings receive reports on the Condominium’s business, elect directors to the Board, appoint the auditor and vote on any matters for which notice has been given to the owners and mortgage lenders. Members of the Corporation may also bring forward issues of general concern for discussion. Attendance at general meetings is restricted by the Corporation’s bylaws. Usually only owners, their agents, mortgage lenders and guests of the Corporation may attend. If a minimum of 15% of the owners request it, they have the right to requisition a meeting of the Corporation to deal with certain matters that the Act allows, such as the removal of members of the Board of Directors or changes to the Common Elements and assets of the Corporation. The owners must ensure that their names are included in the Corporation’s register so that they receive timely notices of meetings. A unit owner’s mortgagee may exercise the unit owner’s voting right in his or her place in certain circumstances.

© 2015 Lawrence, Lawrence, Stevenson LLP

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43 Queen Street West, Brampton, ON, Canada L6Y 1L9
Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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