Declaration 08 - Damage

VIII DAMAGE

(1) Procedure Where Damage Occurs

Where damage to the building occurs, the board shall determine whether there has been substantial damage to twenty-five per cent (25%) of the building, and where there has been a determination that there has been substantial damage to twenty-five per cent (25%), notice of such determination shall be given within ten (10) days thereof to all owners and mortgagees, with such notice to the mortgagees to be sent by registered mail.

(2) Where there has been a determination that there has been substantial damage to twenty-five per cent (25%) of the building, the corporation shall repair within a reasonable time, unless, within sixty (60) days after the determination, the owners who own eighty per cent (80%) of the units, vote for termination.

(3) Where on such vote the owners vote for termination, the Corporation shall, within ten (10) days of the vote, register a notice of termination in the prescribed form.

Plans and Specifications

A complete set of all the original structural plans and specifications for the buildings, including plans and specifications for any additions, alterations or improvements from time to time made to the common elements or to any unit with the prior consent in writing of the board, shall be maintained in the office of the Corporation at all times, for the use of the Corporation in rebuilding or repairing any damage to the buildings, and for the use of any owner.