The appellant condominium corporation appealed a trial decision regarding the conversion of a commercial building into a residential condominium.
The Court of Appeal allowed the appeal, finding that the respondent Lomico was a 'declarant' under the Condominium Act, that a lease of HVAC equipment to the condominium corporation was null and void because the equipment formed part of the common elements, and that the developers breached the construction warranty by failing to substantially renovate the parking garage.
The Court dismissed the developers' cross-appeal, affirming that unit owners have an appurtenant property right to lease parking spaces at market rates.
Damages and market rates were directed to a reference.