Condominium Authority

Condominium Authority of Ontario adopts fees as proposed

Wednesday, August 2, 2017

Condo owners will pay a monthly fee of $1 per voting unit to fund dispute resolution, education and information services to be provided by the newly formed Condominium Authority of Ontario (CAO) starting this fall, the CAO said in a note on its website.

The CAO confirmed that it will be adopting fees as proposed after receiving what it said was largely positive feedback during a two-week consultation at the beginning of July.

Condo owners and corporations will have to pay additional fees to have their disputes mediated or adjudicated at the Condominium Authority Tribunal (CAT), which will begin offering its services in November for conflicts relating to corporation records.

Condo corporations, which will be required to collect and remit the monthly per-unit fee, can anticipate information on registering and paying their assessments before the end of the month, when the CAO said it will be sending out packages. The first assessment, due Dec. 31 of this year, will capture seven months starting from when the CAO begins delivering services: Sept. 1, 2017, through March 31, 2018.

The CAO is a non-profit corporation that was established to administer recent condo law reforms aimed at improving consumer protection.

Leave a Reply

Your email address will not be published. Required fields are marked *