137Operator’s obligations—capital maintenance or

137 Operator’s obligations—capital maintenance or (1) The operator of a retirement village must maintain each item of capital for which the operator is responsible in a reasonable condition taking into account the following: (a) the age of the item; (b) the prospective life of the item; (c) the money paid to the operator by the residents under a village contract (including ingoing contributions). Note Capital maintenance—see the dictionary. (2) If it is not practical to maintain a capital item, the operator may replace the item. (3) The operator must repair or replace a capital item for which the operator is responsible within a reasonable time after becoming aware of the need to repair or replace the item.