Real estate buying and selling involves a great deal of paperwork. It can be tough to go through all the forms and certificates and understand which details are most important. For people investing in condos rather than houses in Ottawa, there are some extra specific steps needed according to condominium law. A status certificate is one such consideration.
Many Canadians are looking for ways to live more environmentally-friendly lives. However, those living in a residence where condo bylaws apply may face challenges in doing so. When making lifestyle changes, such individuals must be considerate of the agreements for renovations and energy use. A resident of Ottawa learned this the hard way when she was ordered to pay extra for the hydro she was using to charge her hybrid electric car in the building parking lot.
Almost two years ago, the Protecting Condominium Owners Act, 2015 was passed by the Ontario legislature. This legislation enabled the creation of two new condominium administrative authorities: The Condominium Management Regulatory Authority of Ontario and the Condominium Authority of Ontario ("CAO").
The Condominium Act, 1998 (the "Act") stipulates that when a condominium owner accumulates arrears in respect of their required contributions to common expenses, the condominium corporation has a lien against their unit. The lien expires three months after the default that gave rise to the lien occurred unless a certificate of lien is registered within that time.