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The Effect Of The New Construction Act On Condominiums In Ontario

Author: 
David Lu
Publication date:
July 17, 2018
Article Summary: 

The Construction Act (previously known as the Construction Lien Act) that came into force on July 1, 2018, has an impact on condominium corporations in Ontario. One of the most significant changes is that unit owners can now vacate a lien from their specific unit by posting security or paying an amount to the court. The Act also contains several other amendments, including a new dispute resolution mechanism, small claims court jurisdiction in construction matters under $25,000, new thresholds for substantial performance, and timelines for preserving and perfecting liens, among others.

Keywords: 

Construction Act, Construction Lien Act, condominium corporations, sub-contractors, liens, holdback, unit owners, dispute resolution, small claims court, substantial performance, timelines, lienable improvements, proper invoice, prescribed forms, grandfathering provision, Ontario.

Source Citation: 
David Lu
The Effect Of The New Construction Act On Condominiums In Ontario
July 17, 2018
https://dhacondolaw.ca/condo-law-news/the-effect-of-the-new-construction-act-on-condominiums-in-ontario/
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