Our SUBL precedent has recently evolved. We have buttressed its existing strict liability insurance deductible provision by specifically defining circumstances where an owner is liable for a water leak, fire or other “act or omission” perils, in case the government proclaims the proposed amendments to s. 105 of the Condo Act.
The SUBL can be adjusted to protect the Corporation from incurring excessive insurance deductible amounts. We have also clarified the Corporation’s optional rights of inspection of various unit safety devices and hazards, including chargeback rights in s. 92 or s. 105 scenarios, as described below. Here are some of our SUBL improvements: