This Week is the Deadline to Secure any Covid-Liens Stemming from a Default in April

As we all know, COVID-19 and its financial effects have been very tough on Ontarians across the province. Unfortunately, this may well have resulted in some owners missing common expense payments back in April (and perhaps since then).

While not a pleasant task, condominiums must ensure that they take the proper steps to secure these arrears and guarantee payment, as common expenses are truly the lifeblood of condominiums. Failing to collect these arrears (or to at least secure the ability to collect them) will have an negative impact on all other owners.