TO THE LEGISLATIVE ASSEMBLY OF ONTARIO:
WHEREAS purchasers of pre-construction condominium units do not always receive the square-footage or amenities that they were promised and paid for, and have little recourse for accountability from developers;
WHEREAS condo owners and tenants are not always aware of their rights, responsibilities, benefits and obligations, while renting a condominium unit, including a lack of communication with other condo owners;
WHEREAS developers and condominium boards often operate without full transparency, enter into unnecessary long term contracts, fail to recuse themselves from conflict of interest, or act improperly as a condo board director, property manager, or supplier;
THEREFORE, we the undersigned petition the Legislative Assembly of Ontario to enact legislation that:
- Standardizes legal contracts and disclosure documents for pre-construction purchases to better ensure buyers get what they pay for, and developers are held accountable,
- Ensures condo owners and tenants receive all relevant information regarding their rights, responsibilities, benefits and obligations of owning or living in a condominium unit
- Encourages the transparent operation of developers and condo boards by regulating contracts and prohibiting conflict of interest.