Non-leased director position

The owner-occupied position on the board of directors (Subsection 28.(3) is to be replaced with a non-leased voting position.

For the life of me, I can't understand how this is suppose to help the owner-residents who's units are their primary residence.

The voting for this one reserved position will be expanded to include the owners of:

•	Unsold residential units that are still owned by the developer.
•	Residential units that are occupied by relatives while the owner lives elsewhere, perhaps not even in the country.
•	Residential units that are owned by companies and individuals that are rented as short-term hotel-suites where there are no leases.
•	Residential units that are for lease but 60 days before the election, they are unoccupied so technically they are not leased.
•	Residential units that are used for business purposes but are not occupied as primary residential residences.

The purpose of the owner-occupied position on the board was to give a voice to the owner-residents who are often outnumbered by the developer's unsold units and the units that are leased or rented short-term by companies and investors.

This change will seriously dilute the voice that the owner-residents need to insure that their concerns are heard, especially during the first few years when the developer's appointed board usually remains to control the corporation during the warranty period.

Recommendation:
Leave Subsection 28.(3) as it is.


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