83 (1) The owner of a unit who leases the unit or renews a lease of the unit shall, within 10 days of entering into the lease or the renewal, as the case may be, (a)  notify the corporation that the unit is leased; (b)  provide the corporation with the lessee’s name, the owner’s address and a copy of the lease or renewal or a summary of it in the form prescribed by the Minister; and (c)  provide the lessee with a copy of the declaration, by-laws and rules of the corporation. 1998, c. 19, s. 83 (1); 2015, c. 28, Sched. 1, s. 75 (1). Termination of lease (2) If a lease of a unit is terminated and not renewed, the owner of the unit shall notify the corporation in writing within 10 days of the termination. 1998, c. 19, s. 83 (2); 2015, c. 28, Sched. 1, s. 75 (2). Record of notices (3) A corporation shall maintain a record of the notices that it receives under this section. 1998, c. 19, s. 83 (3). Section Amendments with date in force (d/m/y) 2015, c. 28, Sched. 1, s. 75 (1, 2) - 01/11/2017 PART VI   OPERATION Note: On a day to be named by proclamation of the Lieutenant Governor, Part VI of the Act is amended by adding the following section immediately before the heading “Common Expenses”: (See: 2015, c. 28, Sched. 1, s. 76) Annual Budget Annual budget 83.1 (1) A corporation shall have a budget for each of its fiscal years that is prepared in accordance with this section. 2015, c. 28, Sched. 1, s. 76. Fiscal year (2) The fiscal year of a corporation shall end on, (a)  in the case of the first fiscal year after the registration of the declaration and description, the last day of the month in which the first anniversary of that registration takes place or such other day as is prescribed; and (b)  in the case of a fiscal year after the first fiscal year after the registration of the declaration and description, (i)  the day specified by a by-law of the corporation passed after a new board is elected at a turn-over meeting held under section 43, (ii)  the day specified by a resolution of the board, if there is no by-law as described in subclause (i), or (iii)  the next following anniversary of the end of the first fiscal year, if there is no by-law or resolution as described in subclauses (i) and (ii). 2015, c. 28, Sched. 1, s. 76. Budget for first fiscal year (3) Within the prescribed periods of time, the declarant shall ensure that the budget of the corporation for its first fiscal year is prepared in accordance with the regulations and shall deliver it to, (a)  the first board mentioned in subsection 42 (1); or (b)  the corporation, if the first board has not been appointed in accordance with subsection 42 (1). 2015, c. 28, Sched. 1, s. 76. Budget for subsequent years (4) At least 30 days before the start of each fiscal year of the corporation after its first fiscal year, the board shall prepare a budget for the ensuing fiscal year that covers the corporation’s general and reserve fund accounts and that is prepared in accordance with the regulations. 2015, c. 28, Sched. 1, s. 76. Notice to owners (5) Within 15 days of preparing a budget described in subsection (4), the board shall provide a notice to the owners that is in the prescribed form, if any, containing a copy of the budget. 2015, c. 28, Sched. 1, s. 76. Implementation (6) The board shall not implement a budget of the corporation until it has provided the notice mentioned in subsection (5). 2015, c. 28, Sched. 1, s. 76. Amendment (7) Subject to subsection (9), the board may amend a budget of the corporation for any fiscal year at any time before the end of the fiscal year. 2015, c. 28, Sched. 1, s. 76. Notice to owners (8) Within 15 days of amending a budget of the corporation, the board shall provide a notice to the owners that is in the prescribed form, if any, containing a copy of the budget. 2015, c. 28, Sched. 1, s. 76. Implementation (9) The board shall not implement an amendment to a budget of the corporation until it has complied with subsection (8). 2015, c. 28, Sched. 1, s. 76. Notice of non-budgeted amounts (10) If the board proposes that the corporation incur a prescribed expense in a fiscal year that exceeds, in the manner determined by the regulations, the budgeted amount for the expense in the applicable budget or amendment to a budget for that fiscal year, the board shall provide the prescribed notice of the expense to the owners within the prescribed time and in accordance with the prescribed requirements. 2015, c. 28, Sched. 1, s. 76. Section Amendments with date in force (d/m/y) 2015, c. 28, Sched. 1, s. 76 - not in force Common Expenses