This is best answered at the Harbour Terrace strata-specific meeting. The City is working on how to manage and roll that previous extension into the current lease extension. We expect to have a clearer explanation in the next week or so.

If individual owners accept the lease modification of the current proposal;, they will have to pay at that time. However, the offer is open for five years. The earliest time for payment is expected to be October of this year and that latest is the Fall of 2027. The amount owing will scale up by five percent after the first year and then monthly at the equivalent of five percent per year after that.