This outlines the lien procedure for May Tower II unit owners with outstanding payments.
| Days Following First Arrear | Action | Details |
|---|---|---|
| 8th day | Reminder Notice | Initial reminder notice sent to the unit owner. |
| 38th day | Second Reminder Notice | A more formal reminder notice is sent. |
| 45-50th day | Form 14 (Pre-Lien Notice) | Owner given 10 days to pay or face a lien. $100 plus GST fee applied. |
| 75th day | Lien Instruction | Lien instructions issued to the lawyer. |
| 85th day | Unit Liened | Lawyer registers a lien against the unit. Owner responsible for legal fees (approx. $1000). |
If payment is not received within the 10-day period after the Form 14 notice, a subsearch is conducted, and a Condominium Lien is registered as per the Condominium Act.
A lien can be registered at any point within 90 days of the first arrears. Failure to do so within this period may result in the condominium corporation losing its right to register the lien.
Note: NSF fees are handled separately from collection procedures.