42 Glen Elm Avenue

Tenant's Association

Lobby Renovation not an AGI captial cost

Leave a comment

42 Glen Elm underwent a lobby renovation:
  •  new doors,
  • new mailboxes
  • new lighting
  • floor and wall tiles.

According to Ontario law, the lobby work doesn’t qualify as a capital cost that would warrant an AGI. from this page:

http://www.ltb.gov.on.ca/en/Law/158161.html

 (d) work that is substantially cosmetic in nature or is designed to enhance the level of prestige or luxury offered by a unit or residential complex
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s