Download the Minto Home Care Guide - Condo

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Maintenance Fees | Are also referred to as common area expenses or condo fees,
they are a monthly charge (your share) for the utilities, regular upkeep, management,
administration and insurance for the common element areas. The fees vary according
to project and your home size; however your portion of these expenses is set out in
the budget statement, which lists the percentage for which each unit is responsible.
Minto MasterCare | Is your contact for any questions you may have about your new
home, once you have completed the Design Centre process. MasterCare representatives
will conduct various inspections with you during construction and after you
move in, to demonstrate the operation and maintenance of your new home.
Occupancy Date or “Interim Closing” | The day you take occupancy (and keys)
of your new home. It is before the transfer of legal title which is called the “fi nal
closing”. Even though you get your keys on the interim closing, you cannot take
legal title because the condominium is not registered.
Occupancy Fee | The monthly payment, payable by you, for living in your home
prior to fi nal closing. It consists of 3 components:
1. Estimated Monthly Maintenance Fee
2. Estimated Monthly Realty Land Taxes
3. Estimated Monthly Interest Component
Pre-Delivery Inspection | Approximately one week prior to your closing date, a
Minto MasterCare Inspector will meet with you at your new home and off er useful
maintenance tips including information about the operation of mechanical features,
general maintenance and will confi rm that your fi nishing selections are correct. Your
Inspector will also record any defi ciencies that you may fi nd, for follow up by our
Construction Department.
Registration | The process by which the condominium’s declaration and description
are formally approved by the requisite governmental authorities.
Tarion Warranty Corporation | New homeowners benefi t from a comprehensive
warranty coverage, which takes eff ect from the date of closing and remains in eff ect if
the house is sold before the end of the warranty period. As the regulator of Ontario’s
new home building industry, Tarion enrolls new homes for warranty coverage, deposit
insurance, investigates illegal building practices, resolves warranty disputes between
builders/vendors and homeowners, and promotes high standards of construction
among Ontario’s new home builders. Tarion also works with the building industry to
help educate new home buyers about their warranty rights, and about how to protect
and maintain their warranty. Visit www.tarion.com for more information.
Turnover Meeting | The main point of the meeting is for the developer to turn over
the condominium documents to the new corporation and to give owners the
opportunity to elect directors.
Trim Check Inspection | An opportunity to meet one-on-one with a Minto MasterCare
Inspector to see your home during construction, and review your Design Centre
selections that may already be installed.
Unit | As specifi ed in the declaration, the unit is all the space within the set boundaries
of your home.
Year End Inspection | Just before the end of your fi rst year, you have one more opportunity
to provide Minto and Tarion a list of items you wish to have reviewed. This list
will be reviewed at your Year-End Inspection visit with a Minto Mastercare Inspector.