Regulation - Other
Proposals to Introduce Customer Service Standards for Common Elements Warranty Claims and to Introduce a Liability Cap for Larger Condominium Projects
Regulation Number(s):
Reg. 892 of R.R.O. 1990
Instrument Type:
Regulation - Other
Bill or Act:
Ontario New Home Warranties Plan Act
Summary of Decision:
1) Amended regulation mandates a new process for common elements claims which sets out clear and consistent timelines required by all parties involved to ensure issues are addressed promptly.
2) Amended regulation creates a maximum aggregate liability cap of $50,000,000 for all warranty coverage under the ONHWP Act (for all homes and common elements) in a condominium project.
2) Amended regulation creates a maximum aggregate liability cap of $50,000,000 for all warranty coverage under the ONHWP Act (for all homes and common elements) in a condominium project.
Further Information:
Customer Service Standards for Common Elements Warranty Claims
Liability Cap for Larger Condominium Projects
Ontario New Home Warranties Plan Act
Proposal Number:
10-MCS007
Posting Date:
March 31, 2010
Summary of Proposal:
1) A regulation change would be passed to mandate a new process for common elements claims will be beneficial to all stakeholders. This process will set out clear and consistent timelines required by all parties involved to ensure issues are addressed promptly.
2) A regulation change would be passed to create a maximum aggregate liability cap of $50,000,000 for all warranty coverage under the ONHWP Act (for all homes and common elements) in a condominium project.
2) A regulation change would be passed to create a maximum aggregate liability cap of $50,000,000 for all warranty coverage under the ONHWP Act (for all homes and common elements) in a condominium project.
Contact Address:
Ministry of Consumer Services, College Park, 5th Floor,777 Bay Street, Toronto, ON M7A 2J3
Effective Date:
July 1, 2010
Decision:
Approved