In Ontario, all condo corporations need to register themselves with the Condominium Authority of Ontario (“CAO”) and must pay an initial assessment fee. The fee is usually calculated at a rate of $1 per month for each voting unit. The deadline for registering was extended to February 28th, 2018.
How to Register
CAO sent out information packages, in August that outlined to condo corporations how to register and also pay for the assessment. You should contact CAO for an “Invitation Code” if you haven’t received one. It will help you access the registration portal.
Send a request to them via email using the following email address; info@condoauthorityontario.ca. To register, you will need to provide the following details:
• Type of condo. Is it common elements or standard condominium, etc.?
• The number of the voting units: this figure is used in the calculation of the assessment amount.
• Your address for service, as the Condominium Corporation.
Registration can be done by the legal counsel of the corporation, one of its board members, or the manager. You can pay for assessment electronically using your credit card, money order, cheque to CAO.
If you register and don’t pay the assessment fees, or fail to register, you may suffer two main consequences:
• The Registrar makes a Compliance Order against the corporation
• Except with leave of the court, you may not be able to maintain a proceeding in a court in Ontario, or before the Condominium Authority Tribunal.
These consequences may affect the marketability of the development and also the ability to manage the affairs of the corporation. Hurry while you still have the chance.