Are unaudited monthly financial statements or similar interim financial reports reviewed by the board of a condominium corporation considered core records?
Ontario, Canada
The following excerpt is from Zhou v. Metropolitan Toronto Condominium Corporation No.1107, 2021 ONCAT 126 (CanLII):
I agree with the reasoning in Mellon v. Halton Condominium Corporation No. 70 2019 ONCAT 2, which concludes that unaudited monthly financial statements, or similar interim financial reports, reviewed by a condominium board at its regular meetings are not the records referred to in item 4 in the list of core records or by the phrase “most recent approved financial statements” under the heading “Request for core records” in the Request for Records form. Unless defined as such by a by-law of the condominium corporation, such records are not “core records”.
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