273bhhjg#!KJ

What are the Adjustments to the Condominium Act? (Half 1)


Invoice 106 is an act to amend the Condominium Act of Ontario, 1998, to enact different Acts with respect to Condominiums (i.e. New House Warranties Plan Act) and the Condominium Administration Providers Act, 2015. Together with Invoice 106, the Ontario Authorities created two new administrative authorities known as the Condominium Authority of Ontario (CAO) and the Condominium Administration Regulatory Authority of Ontario (CMRAO).

Among the amendments have already come into drive with many adjustments nonetheless to be phased in all through 2018. In Half I of this weblog collection, we are going to speak in regards to the creation of the Condominium Authority of Ontario.

 

Condominium Authority of Ontario (CAO)

A not-for-profit company, funded by way of Ontario condominiums, to offer sources for homeowners relating to their rights and tasks, required coaching for Administrators and provide a web based dispute decision service, the Condominium Authority Tribunal.  Beneath the umbrella of the CAO, there are a number of new necessities imposed upon condominium companies in Ontario. The CAO can have the authority to difficulty compliance orders and fines.

  • Registration and Charges
    • The CAO is funded by way of obligatory charges charged to every Ontario condominium company. At present, the charges are charged on the equal of $1 per unit, per 30 days. The charges are to grow to be a part of every company’s basic finances and are paid by homeowners in keeping with the proportionate share set out within the declaration of every condominium. Firms should register with the CAO and pay the preliminary evaluation by February 28, 2018. You may register and obtain details about the CAO right here.
  • Condominium Authority Tribunal (CAT)
    • It is a newly created on-line tribunal that helps to settle and determine condominium associated disputes in a quick, environment friendly and price efficient method. At present, the CAT is restricted to dealing with solely disputes associated to the company’s data. In future, that is supposed to be expanded. Extra data on the Condominium Authority Tribunal, together with charges, could be discovered right here.
  • Director Coaching
    • All apartment Administrators elected, re-elected or appointed after November 1, 2017 are required to finish obligatory primary coaching.
    • Free, on-line, coaching could be discovered on the CAO web site. The coaching, legitimate for seven years, will take roughly 3 ½ hours and is obtainable in twenty-one quick modules. This coaching is obligatory. If you don’t full the coaching inside six months of being elected, re-elected or appointed to the Board, you can be disqualified as a Director. Coaching data could be discovered right here.

 

When you’ve got any questions in regards to the above adjustments, please don’t hesitate to contact RLB’s Condominium Group at 519-822-9933.




Leave a Reply

Your email address will not be published.