166 (1) A declaration for a leasehold condominium corporation shall not be registered unless it is executed by the lessor. 1998, c. 19, s. 166 (1). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 166 (1) of the Act is repealed and the following substituted: (See: 2015, c. 28, Sched. 1, s. 138 (1)) Declaration (1) A declaration for a leasehold condominium corporation and an amendment to a declaration for a leasehold condominium corporation to make the corporation a phased condominium corporation shall not be registered unless it is executed by the lessor. 2015, c. 28, Sched. 1, s. 138 (1). Contents (2) In addition to the requirements of subsection 7 (2), a declaration for a leasehold condominium corporation shall contain, Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 166 (2) of the Act is amended by adding “and subject to the regulations” after “7 (2)” in the portion before clause (a). (See: 2015, c. 28, Sched. 1, s. 138 (2)) (a)  a statement of the term of the leasehold interests of the owners; (b)  a schedule setting out the amount of rent for the property payable by the corporation on behalf of the owners to the lessor and the times at which the rent is payable for at least the first five years immediately following the registration of the declaration and description; (c)  a formula to determine the amount of rent for the property payable by the corporation on behalf of the owners to the lessor and the times at which the rent is payable during the remainder of the term of the owners’ leasehold interests following the time for which the schedule described in clause (b) states the amount of rent payable; (d)  a schedule of all provisions of the leasehold interests that affect the property, the corporation and the owners; and (e)  all other material that the regulations require. 1998, c. 19, s. 166 (2); 2015, c. 28, Sched. 1, s. 146 (1). Leasehold interests in property (3) Provisions of the leasehold interests in the property are not binding on the property, the corporation or the owners unless the declaration sets them out and states that they are binding. 1998, c. 19, s. 166 (3). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 166 (3) of the Act is amended by adding “in accordance with the prescribed requirements” after “sets them out”. (See: 2015, c. 28, Sched. 1, s. 138 (3)) Amendment of declaration (4) An amendment to the declaration that affects the leasehold interests in the property is not effective unless the lessor has consented in writing to the amendment. 1998, c. 19, s. 166 (4). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 166 (4) of the Act is repealed and the following substituted: (See: 2015, c. 28, Sched. 1, s. 138 (4)) Amendment to declaration (4) An amendment to the declaration that affects the leasehold interests in the property, other than an amendment to make the corporation a phased condominium corporation, is not effective unless the lessor has consented in writing to the amendment. 2015, c. 28, Sched. 1, s. 138 (4). Section Amendments with date in force (d/m/y) 2015, c. 28, Sched. 1, s. 138 - not in force; 2015, c. 28, Sched. 1, s. 146 (1) - 01/09/2017