Court rules on condo lien deadlines (ON)

The Ontario Court of Appeal has confirmed that the 90-day deadline for condominium corporations to register liens applies when a unit owner fails to pay costs in compliance orders.   In CIBC Mortgages Inc. v. York Condominium Corporation No. 385, the Court of Appeal determined that a bank’s mortgage had priority over a condominium corporation’s lien, as it failed to perfect it according to the Condominium Act. The decision serves as an important reminder to lawyers that they need to keep careful track of when default occurs when registering a lien, says Denise Lash, a Toronto condo lawyer.     Read the article……………..


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