Hello All,
It is difficult to believe that, after some fifteen (15) years since the
McKay Ruling (1992), unit Owners are continuing to encounter difficulties in obtaining access to Records of their Corporations. CAFCOR receives many complaints from unit Owners in Corporations whose Boards of Directors have refused to permit them access. In every instance, CAFCOR has been succesful in convincing these Boards to comply with the requirements of section 55 of the
Condominium Act, 1998 without unit Owners having to resort to the Small Claims Court. As a matter of fact, CAFCOR has had to assist unit Owners in succesfully ousting their BODs over this very issue. In every instance, the Records sought have not been Records subject to the exemption of subsection 55(4) of the
Act. Most are with respect to Minutes of Board or Owners meetings.
What Boards and property managers need to realize is that such refusals, either through malice or ignorance, are illegal and not an excercise in reasonable prudence. Such serious breaches of fiduciary duty and statutory obligation are both irresponsible and damaging to a condominium community and may invite unneeded financial and social consequences.
If you are a unit Owner or minority Director who cannot access Records of your Corporation, please feel free to contact CAFCOR and we will be more than happy to assist you in obtaing same. There should be no question in the minds of Board members and property managers as to whether unit Owners will succeed in obtaining access to Records but rather at what cost to the Corporation whose interests they were elected to serve and protect.
mailto:complaints@cafcor.org(416) 747-8889 ext. 3 or 4.