Covenants and Agreement

You agree to comply, at all times, with your obligations under the Agreement, any documents that you're a party to, as required from time to time by Key, and with the Condominium Rules.

Since you are an Owner-resident and no longer a renter, you agree that we are both bound by this Owner-Resident Agreement and not any aspect of the Residential Tenancies Act (Ontario).

ORA Ref: Article 6.1

You agree to comply at all times with Applicable Laws.

ORA Ref: Article 6.1

You agree not to rent, lease, sublease, or license your Suite - or rent a portion of your Suite to a roommate - without first getting written approval from Key. (See Schedule D in the ORA for more details.)

ORA Ref: Article 6.1

You agree to sign and return all documents reasonably requested by Key to us before the Completion Date.

ORA Ref: Article 6.1

You agree not to interfere with the installation, repair or maintenance of services to the Suite or the Building, including the Common Areas and Facilities.

ORA Ref: Article 6.1

You agree to allow Key immediate right of entry into your Suite to inspect, repair, and maintain the Suite or to rectify any breach of the Agreement.

ORA Ref: Article 6.1

You agree not to install any signs or notices within the Building (or in the your Suite, if they are visible externally) without our prior written consent.

ORA Ref: Article 6.1

You agree not to restrict other residents of the Building from carrying out their obligations under their respective agreements, or disturb the enjoyment of other Building residents in any way.

ORA Ref: Article 6.1

You agree not to permit any lien to be registered against the title to the Lands, Building or your Suite.

ORA Ref: Article 6.1

We agree to comply with all obligations Key has as the Co-Owner under this Agreement, the Condominium Rules and all Applicable Laws.

ORA Ref: Article 6.2

We agree to pay all municipal property taxes for your Suite in a timely fashion.

ORA Ref: Article 6.2

Key and the Property Owner agree not to convey our Co-Ownership Interest to any third party without first providing written notice and the transferee agreeing to abide by the terms and conditions contained within this Agreement.

We agree to:

1. 1

   Respond to (or take all reasonable efforts to have the Condominium Corporation respond to) all your reasonable requests for repairs to the Suite in a timely and professional manner;

2. 2

   All work performed by us or the Condominium Corporation in respect of the Suite will be performed in a good and workmanlike manner in accordance with Applicable Laws and the Condominium Rules.

ORA Ref: Article 6.2

The owner has the sole unfettered absolute right and ability to finance, secure, charge, encumber, or pledge its owned Properties as it sees fit without requiring any approval from the Owner-Resident, and nothing in this agreement shall be deemed otherwise.

ORA Ref: Article 12.3

All rights and obligations in this Agreement shall survive the Completion Date and do not merge because of the occupancy of the Suite.

ORA Ref: Article 12.4

This Agreement is governed by the laws of the Province of Ontario and all applicable federal laws of Canada.

ORA Ref: Article 12.5

The ORA is the entire agreement between us for dealing with the matters contained within and supersedes any prior agreements. No modification of this Agreement is binding unless it is written and signed by both of us.

ORA Ref: Article 12.6

If any term of this Agreement is illegal or unenforceable, the remaining terms of this Agreement will continue to be legal and binding.

ORA Ref: Article 12.7

The Agreement binds you, your legal or personal representatives, and your permitted assigns. You cannot assign any aspect of this Agreement without our express written consent and only in accordance with the terms of this Agreement. We are entitled to assign this Agreement, and our rights and obligations hereunder.

ORA Ref: Article 12.8

No departure from or waiver of the terms of this Agreement authorizes any prior or later departure or waiver. We are not obliged to continue any departure or waiver or to permit any later departure or waiver. Time is of the essence of this Agreement.

ORA Ref: Article 12.9

The Key App is accepted as the primary method to provide notice to you or Key. Notice will be considered given on the second day that the information is available on the Key App.

ORA Ref: Article 12.10

Both of us will, at the request of any other party, execute any further documents that may be required to give effect to this Agreement.

ORA Ref: Article 12.11

In the event of a breach of contract, Key’s rights and remedies under this Agreement are cumulative. This means Key is allowed to pursue any and all remedies that may be available under the facts of the particular breach.

ORA Ref: Article 12.12

Unless both the Co-Owner and the Owner-Resident agree in writing (each acting in its/his/her sole, absolute and subjective discretion), neither this Agreement, nor any notice thereof will be registered against title to the Lands, the Building or the Suite.

ORA Ref: Article 12.13

It is not considered a breach of the Agreement - nor is Key liable for any cost, expense or liability that's incurred due to labour disputes, riots, natural catastrophes, explosions, acts of God, or any other similar event which is beyond our reasonable control.

ORA Ref: Article 12.15