The SKLHA Owners' Committee is charged with
managing the Association's common property and has responsibilities that include:
Chairing SKLHA annual general meetings.
Setting the annual budget.
Debating and voting on items of interest to the community.
Ensure compliance with the Joint Use Agreement.
providing advice and information
periodic newsletters and website updates
WHAT THE JOINT USE AGREEMENT SAYS
As per the Joint Use Agreement, the Executive is charged with
managing the Association and has responsibilities that include:
3.0 MANAGEMENT OF THE COMMON PROPERTY
3.1 Initial Management of Common Property.
The Common Property shall be managed by Ontario or its nominee until such time as a majority of the Units are transferred to the first
purchasers. During this time Ontario or its nominee shall be entitled to charge to the Owners as a Common Expense a reasonable fee for labour furnished or materials
supplied by Ontario or its nominees, servants or agents to manage, maintain, repair and replace the Common Property as required and, in default
of payment on demand, Ontario shall have the same rights and remedies as set out in Section 4.5. Ontario or its nominee shall perform all
the duties of the Owners' Committee described below until such time as the Owners' Committee has been elected.
Turnover of Management to the Owners' Committee.
When a majority of the Units have
been transferred by Ontario to first purchasers, the management and supervision of the maintenance, repair and replacement of the
Common Property shall be done by an Owners' Committee described below.
3.3 Owners' Committee.
Once created, the duties of the Owners' Committee are:
to prepare an annual budget for the maintenance, repair and general upkeep of the Common Property;
to estimate the amount of Common Expenses for the ensuing year;
to keep the Common Property insured according to the requirements of this Agreement;
to establish and utilize a reserve fund for contingencies including the major repair and replacement of the Common Property;
generally, to oversee the management and operation of the Common Property and, if deemed necessary, to appoint a property manager which
will deal with day to day management, accounting and general administrative matters and will be fully accountable to the Owners' Committee;
to enforce the rules and regulations imposed upon the Owners as set out in Schedule "D" and to
make such amendments as are necessary from time to time;
to arbitrate disputes between Owners who benefit from Shared Elements about maintenance, repair
and replacement of the Shared Elements; and
to account to the Owners from time to time with respect to the performance of its duties, and,
in particular, to call annual meetings of the Owners in accordance with this agreement.
FOR MORE INFORMATION, PLEASE SEE THE JOINT USE AGREEMENT