Condo Loses Priority Over $1.3M With Directors Failing to Pay their Condo Fees and Falsifying Status Certificates

We recently blogged on how to ensure condo fees are paid before the mortgage in cases of default and we explained the importance of complying with the strict deadlines and notices imposed by the Condominium Act, 1998 (the “Act”). The recent case of Trez v. Wynford reminds us that the same is true even when condo directors are the ones in arrears and the ones who failed to register a timely lien on their own units. An expensive lesson for a board who allowed two (2) directors to control the corporation.    Read the article………..


Related Articles

Condo Smarts: Absent owners can be issue

Dear Tony: Our AGM notice has gone out and the meeting is scheduled for just over a week from now.

Protecting condo buyers from changes in final sale agreements

Recent lawsuits over material changes in final sale agreements have ended with the courts ordering buyers’ deposits fully refunded

Dozens evacuated after Montreal condo building catches fire

About 40 people were forced from their homes when fire broke out early Wednesday morning.  The fire started just before