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Shared Facilities Agreement

This can have a significant cost impact on the corporation when the building has mixed use facilities.  Where developers do not install separate metering for things like water, electricity, and gas there is no way to accurately separate commercial costs from residential costs.

Since commercial facilities use more utilities, the condo corporation ends up subsidizing the business costs. In other cases, the commercial enterprise shares property, services and/or facilities with condo corporation but there was no shared facility agreement put in place to deal with these issues.

New rules will require a written shared facilities agreement between the condo corporation, developers, and other parties that share property.  Specific provisions will be mandatory to deal with shared costs and separate metering. (more)

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