There are two methods to terminate a condo:
Special Resolution: A condo corporation can be terminated by passing a special resolution, requiring 75% approval.
?Court Order: An application to terminate the condo can be made to the court. The court will make a decision based on the best interest of the corporation as a whole, and they will look at both economic and non-economic factors. The legal test that will be applied is whether it is “just and equitable” that the condo status be terminated in light of the rights and interests of the owners
