Builder calculated wrong monthly common expenses ??? Help !!!


Jump to Page:
< Previous  [ 1 ]    Next >




smartalec   
Member since: Sep 04
Posts: 67
Location: Toronto

Post ID: #PID Posted on: 04-10-06 00:03:03

Hi,

I have a situation which I am not aware how to resolve. I currently own a condo which completed the closing process in February 2006. The contract which I signed with the builder mentioned that the building would have 119 units and the monthly common expenses was calculated based on the percentages mentioned at that time. We currently have a condominium corporation formed with its own directors too. Recently I received a letter from the builder saying that there was a mistake in calculating the montly common expense as the building had 110 units and based on the percentage calculation I will have to pay more as it is affecting its payments to the corporation. They mentioned that I will have to pay the difference from Feburary and from November onwards pay the condo corporation the new montly common expenses. All the official documents that they have made me sign have 119 units.

1) What action do I need to take ? As the the letter is addressed to me ?
a) Do I need to talk to the Directors of the Condo ?
b) Do I need to talk to my lawyers ?
c) Do I need to raise this to Tarion ?
d) Any other suggestions ?

Thanks in advance



Garvo Gujarati   
Member since: Nov 01
Posts: 3117
Location:

Post ID: #PID Posted on: 06-10-06 07:47:28


Isn't it a case of cheating? Because you made your decision based on the payment they mentioned and now they are changing it.

I am not an expert on these subjects but you have right to get out from the Condo and also get any other expense you have done doing so. Best thing is to contact the lawyer. Having said so, the expenses of the lawyers are suppose to be more than your condo fees. There are some community lawyers, so you can at least consult them and know what you can do. And again racism exists in Canada. If your builder is a big name, you might not get a good advise.


-----------------------------------------------------------------
A Proud Indian Canadian


smartalec   
Member since: Sep 04
Posts: 67
Location: Toronto

Post ID: #PID Posted on: 11-10-06 10:19:19

Thanks for the reply. I will take your advise and speak to the commuinty lawyer as you are right if I talk to the same layer who did the closing for me I will have to pay him the same amount I am paying the builder.

Let see what the community layers advise me.

Thanks again





Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: Builder calculated wrong monthly common expenses ??? Help !!!

Topic Forum Views Replies
Query on Closing
Real Estate & Mortgages 2315 6
CONDO BUYING-SELLING HELP NEEDED
Real Estate & Mortgages 1970 1
Professional Resume Builder
Jobs 1582 0
Question on Home Buyer's Plan
Real Estate & Mortgages 1773 5
Builder calculated wrong monthly common expenses ??? Help !!!
Real Estate & Mortgages 1872 2
GST/HST Rebate on new homes
Real Estate & Mortgages 1984 1
Help for Condominium lien and Lawyer
Real Estate & Mortgages 1253 0
Options related to getting out of a contract ( 1 2 3 )
Real Estate & Mortgages 4613 17
For New Home Buyers....Buyer beware if you want that GST rebate ( 1 2 )
Real Estate & Mortgages 3813 10
Title Problem
Real Estate & Mortgages 1624 1
delay in closing of my condo
Real Estate & Mortgages 1458 1
Mississauga Condo Market
Real Estate & Mortgages 3811 6
Which one is better new home builder?
Real Estate & Mortgages 1552 1
Cap at meter installation charge
Real Estate & Mortgages 1308 3
Need info on buying residential land in India..... ( 1 2 )
Our Native Country! 4608 7
Contracting (monthly) - Should i register a company ?
Financial Planning 2941 3
Moving to New House
General 1980 1
How to Buy Property in India - ( NRE Vs NRO Account) ( 1 2 )
Our Native Country! 9823 10
Who pays to fix downspout in a Townhouse condominium?
Real Estate & Mortgages 1587 2
Has ny one invested or heard about Vatika Group in India?
Financial Planning 1691 5
Condo's ( 1 2 )
Real Estate & Mortgages 3628 13
rental property and tax benefits ( 1 2 )
Accounting and Taxation 3068 7
What to look out for when buying a condo?
Real Estate & Mortgages 1299 1
Advice for first time home Buyer ( 1 2 )
Real Estate & Mortgages 2608 7
Question related to Investment Proprty
Real Estate & Mortgages 1722 4
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.