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It's time to reveal The Great SPIS Myth – the prevailing fiction about the Seller Property Information Statement (SPIS), a disclosure form published by the Ontario Real Estate Association (OREA).

When it comes to making tradeoffs and sacrifices to achieve the dream of home ownership, homebuyers are willing to give up quite a lot, but they draw the line at their cars, so much so that they would rather live with their parents longer than do without their wheels.

Q: Our management company takes the position that directors cannot enter those common element areas used for mechanical services. Keys to those areas are locked away and access is available only to trades, management and the superintendent. The directors want to be able to inspect those areas to satisfy themselves that equipment is being maintained. Can management prohibit directors from carrying out the inspections?