We previously blogged about the new Construction Act and how individual unit owners who are selling can now obtain a court order vacating the lien(s) to their specific unit. But what about the timelines for construction liens and the holdback requirements? Continue reading “Changes to Lien periods Under the New Construction Act”
During major common element construction projects, condominium corporations often hire a general contractor to oversee the project. Typically, the general contractor would then hire sub-contractors. Over the course of the project, the condominium corporation makes periodic payments to the general contractor, who then makes the payments to the sub-contractors.
However, what happens if the general contractor suddenly abandons the project and does not pay the sub-contractors?