Changing your unit entitlement is a potentially long, complicated and expensive process, especially if one or more owners isn’t onside. It’s not uncommon for the moderate benefits by evening up the UEs to be less than the cost of the resdistribution.
However, the OC might look at selling or leasing the airspace above the terrace, locked into a by-law as a condition of approval, with the latter linked to CPI in perpetuity.
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