Our Services >> Condominium Law >> The Newly Built Condominium

The Newly Built Condominium

During the early years in the life of a condominium building, its corporation is typically controlled by the builder (also known as the declarant). The declarant usually works very hard to sell the remaining units and transfer control to the owners. That transfer takes place once the developer no longer owns the majority of the units, and is completed at a special kind of owner’s meeting called a turn-over meeting. It is at the turn-over meeting where the condominium corporation’s board of directors is elected for the first time from among owners entirely at arms length from the declarant. The corporation is then on its own.

For condominium corporations that are post-turn-over, having a good condominium lawyer for advice and assistance is essential. As condolawyers, we at GMA have extensive experience helping such newly elected boards get their corporation off to a good start. When addressing these issues, we act exclusively for the condominium corporation. We at GMA have made the conscious decision not to act for declarants, builders, developers or developer-controlled entities because we believe that places us in a conflict of interest. Board members can be sure that when their condominiums corporation retains us, we put their interests first.

Contact one of our condolawyers for assistance in your newly built condominium. We can help you with:

• Turn-Over Meeting Issues
• Finding a Reputable Property Manager
• Finding an Auditor
• Initial Reserve Fund Study and Funding Plans
• Performance Audits and Ontario New Home Warranty Plan (ONWHP) Claims