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Download the Minto Home Care Guide - Condo

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64<br />

How will <strong>the</strong> project be managed afterwards?<br />

The Board of Directors elected by <strong>the</strong> owners at <strong>the</strong> turnover meeting will take over<br />

management after one year. At that time, <strong>the</strong> Board can elect to ei<strong>the</strong>r hire a new<br />

management company, or to self-manage.<br />

How do I make a complaint regarding maintenance or management?<br />

How are <strong>the</strong>y handled?<br />

All complaints should be made in writing to <strong>the</strong> Board of Directors. A log is maintained<br />

by management in which all complaints are entered chronologically. A record is kept<br />

of <strong>the</strong> actions taken.<br />

Who maintains my unit?<br />

You do.<br />

Who maintains <strong>the</strong> common elements?<br />

The management company does, on behalf of <strong>the</strong> <strong>Condo</strong>minium Corporation.<br />

Is <strong>the</strong>re a Builder’s Warranty?<br />

There is a Builder’s warranty on your unit eff ective for one year from interim closing<br />

date, governed by <strong>the</strong> Tarion Warranty Corporation. In addition, certain elements<br />

of construction are covered for a longer time period as explained in <strong>the</strong> Tarion<br />

warranty documentation which will be provided to you before closing.<br />

What happens in <strong>the</strong> event an owner refuses to pay <strong>the</strong>ir share of common expenses?<br />

The Board of Directors can impose a lien against <strong>the</strong>ir unit and bring a personal<br />

action to collect <strong>the</strong> sums due. In <strong>the</strong> event <strong>the</strong> unit owner still does not pay, <strong>the</strong><br />

<strong>Condo</strong>minium Corporation can sell <strong>the</strong> unit under a power of sale proceeding.<br />

Do I need a lawyer?<br />

Yes, just as you need a lawyer when you buy a freehold home.<br />

What insurance coverage is provided on <strong>the</strong> condominium project?<br />

Full replacement value on <strong>the</strong> building against fi re and comprehensive general liability<br />

policy. The Board of Directors may place additional insurance if <strong>the</strong>y feel it is desirable.<br />

Do I insure my furniture and o<strong>the</strong>r personal belongings in my unit?<br />

Yes, <strong>the</strong>se are not covered by <strong>the</strong> condominium’s policy of insurance. In addition, you<br />

must insure for public liability and for any improvements you make to your unit.<br />

FAQ’s continued …<br />

Here are some examples of Frequently Asked Questions by homeowners<br />

just after closing, and during <strong>the</strong> fi rst year of occupancy. Please contact<br />

us if you have a question that is not listed here.<br />

Is all <strong>the</strong> work from my Pre-Delivery Inspection (PDI) going to be done prior to closing?<br />

Not necessarily. We strive to complete as many items as possible, but some items may<br />

still be outstanding, which you should include on your 30-Day Report. There are several<br />

reasons why we may not be able to complete all items reported at your PDI, such as:<br />

• Timing: we may be unable to schedule <strong>the</strong> appropriate trade to have <strong>the</strong><br />

work completed if <strong>the</strong>re is a short time frame between <strong>the</strong> PDI and <strong>the</strong><br />

closing day

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