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REAL ESTATE ; At present, in answer to your fourth question, the Board had only one option in the event there isn‘t enough money (Con‘t from Page RE 5) to the regulations which will be later attached to the Act. Thus we don‘t have a specific answer to that problem yet. As to your third question Peter goes on to say, "The Ministry of Consumer and Commercial Relations is leaving it up to the regulations to state which comâ€" mon elements and assets should be included in the Reserve Fund Study should be conducted and who is qualiâ€" fied to carry out the study. By leaving it up to the Ministry to regulate these requirements, this could severely hamper the proper administration of our Reserve Funds." BOSLEY «> K t KQIL T _ S_¢4 K413 L A s K KQ_4 T W. H. BOSLEY & CO. LTD. REALTOR Oakville $45â€"9350 Special assessment an option SXCLUSIVE ADDRESS AT THE GRANARY Fabulous amenities plus 2 baths, 2 bdrms., den ... $369,000. BONNIE KEEN® 845â€"9350 P ol DONT MISS AFFORDABLE 3 BDRM Condo near the lake. $126,900. MILLIE KEOHAN® 845â€"9350 Private retreat BEV LARGE BUNGALOW NEAR LAKEF . n sRA R NATHENT bas 2 bairm. condo apt. Great location! $162,500 TINA PRITCHARD® 845â€"9350 VERY CONVENIENT LOCATION Spacious home on large lot. Pool. $369,000 TO PERFECTION. SE OAKVILL J Large principal rooms. Pool. $599,000 YOKA FEBERWEE* 845â€"9350 HIDDEN IN PORT CREDIT LOCATION â€" LOCATION A prize in the East. $300,00 is home on large lol. F YOKA FEBERWEE* 84 BEV. JOHNSTON® 84 HARBOUR VIEW CONDOS JOHNS TON Tudor home. $969.00¢ available in the Reserve Fund to take care of the repairs and replacements that it faces â€" you can make a special assessâ€" ment and the Board has no obligation to go to the owners for permission to do so. In the revision, as laid out in Bill 81, it is different for if a major shortfall in funds develops, as a result of a Reserve Fund study, and it is established that the Fund is inadequate, the Board has to call a special meeting of the owners to proâ€" pose a plan to increase the Fund to an adequate level. The kicker is, however, the Board cannot implement the plan unless the majority of the owners agree at that meeting. What happens if the owners refuse to accept the call for extra funds is left up to our imagination. ,.u\o"efi/‘a | a. h TK l ~ This provision severely limits the 1X AND STONE DESIGN Spacious and upgraded! $495,000 SYLVIA BOTTRELL® 845â€"9350 PERFECT COMMUTER 8 ACRE RAVINE â€" EAST WHY DONT YOU ( WE NEED A FAMILY ANNE M. CHONG® 338â€"76 INA PF 321 Lakeshore Rd. E. [ aap tril io HARD* 84 ert. 1675 008 *k Board‘s ability to properly administer the Reserve Fund and to carry out the required repairs and replacements necesâ€" sary to keep the condominium in good and serviceable condition. So at the moment you are free to go ahead and place a special assessment if you have to increase your reserves to a level sufficient to take care of your perâ€" ceived requirements. But next year, if the new legislation is not amended and is finally passed, it may not be so easy, for then the owners can object â€" and that would place the Directors in a most awkâ€" ward position. I can see lawyers gleefulâ€" ly rubbing their hands at the prospect. I hope this helps and we look forward to welcoming you in the ranks of memâ€" bers of the Golden Horseshoe Chapter. Deep lot, 4 bdrms., 2 ensuites, g:;m\ol kit. $269,000 FINOLA RAINER® 9350 dP®‘; | ‘"i 7 lz ~ Privacy and prestige â€" :ugu ranch. $354,900 CAROL ROGERS® 845â€"9350 INLAW POSSIBLE versized master, 2 baths, 3+ t OLDE OAKVILLE CHARM OLDE OAKVILLE CHARM BURLINC Walk to Maplev SUSAN SAL GLEN ABBEY BEAUTY 1O CALL YOUR OWN 44@ 850 sq. f. Mattamy. $299,900 JOANNE KEAST* 845â€"9350 HARON BARK iTON P.0.8. ow Mail. $122,900 TER® 845â€"9350 92 t 34 3 0 Lm FOR LEASE ‘AIL/OFFICE â€" DOWNTOWN OAKVILLE FULLY LEASED â€" DOWNTOWN OAKVILLE Feature Home MARION MATICHUK* 845â€"9350 Condofax welcomes your questions about condominiums and can be reached through the Oakville Beaver at 467 Speers Rd., Oakville, Ontario L6K 384 or by calling The Golden Horseshoe Chapter of the Canadian Condominium Institute (CCT) at 521â€"8144. inâ€"town biâ€"level bunrow on the "Banks of the 16 $399,900. V. KOEHLER®*/S. BARKLEY® 845â€"9350 WHERE EVERYONE WANTS TO LIVE H. Penman Smith is a Burlington resident who has been active in all phases of condominium activity since 1975. He is viceâ€"president of the Golden Horseshoe Chapter of the CCI and former Condominium Information Officer with the Ministry of Consumer and Commercial relaâ€" tions of the province of Ontario. The opinions stated in this column are his own. He is not qualified to give legal opinions. 3. of Lakeshore. Close to town. Perfection. $429,000 VERONICA KOEHLER** 845â€"9350 M. KEOHAN*/V. KOEHLER** 845â€"9350 (24 HOUR PAGERS) o_ Uenoracaroennden" mpgaial e MILLIE KEOHAN* 845â€"9350 Two la‘r&o additions. Pool and more. $849,000. RONICA KOEHLER®** 845â€"9350 IDEAL LOCATION IDEAL SPACE 550 â€" 1917 SQ. FT. OFFICE SPACE EXCEPTIONAL MASTER WING MINI ESTATE UPDATED DRIVEâ€"IN ON 17 ACRES OH WHAT A VIEW! A bdrm., 2 level condo, family. FOR SALE LC:.L. MARGARET DYNE* 845â€"9350 HANDY TO SHERIDAN COLLEGE $124,000 akville â€" Lakeshore of windows building. $399,000