Applying An Owner’s Payments To the Earliest Arrears

In this blog post, the author discusses the Ontario Court of Appeal's decision in a case that dealt with how a condominium corporation should apply an owner's payments when the owner is in arrears. The court determined that payments should be applied to the oldest arrears first, rather than to the most recent charges. The blog post highlights the importance of understanding how payments are applied in order to avoid confusion and disputes.