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.
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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?