An owner misses the March 1 common expense payment for her Ontario condominium unit. What must the corporation do to keep its statutory lien for that unpaid amount from expiring?
Correct Answer
C) Register a certificate of lien within three months after the default
Under s. 85(2) of the Condominium Act, 1998 the lien expires three months after the default unless the corporation registers a certificate of lien within that time. Section 85(4) also requires written notice to the owner at least 10 days before registration.
Why This Is the Correct Answer
Section 85(2) sets the three-month window for registering a certificate of lien.
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A Toronto condominium owner tells the board she will stop paying her common expenses because she never uses the gym and has a water-damage claim against the corporation. Under the Condominium Act, 1998, what is her position?
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At the end of its fiscal year an Ontario condominium corporation has a surplus in its operating budget. What does the Condominium Act, 1998 require it to do with the common surplus?