{"id":26735,"date":"2022-06-02T10:21:49","date_gmt":"2022-06-02T14:21:49","guid":{"rendered":"http:\/\/t3_v39zko"},"modified":"2022-06-02T10:21:49","modified_gmt":"2022-06-02T14:21:49","slug":"condo-corp-is-finalizing-a-2-million-expense-that-wasnt-disclosed-when-i-purchased-the-house-last-year","status":"publish","type":"post","link":"https:\/\/blog.andrewwbradley.ca\/index.php\/2022\/06\/02\/condo-corp-is-finalizing-a-2-million-expense-that-wasnt-disclosed-when-i-purchased-the-house-last-year\/","title":{"rendered":"Condo Corp is finalizing a $2 million expense that wasn&#8217;t disclosed when I purchased the house last year"},"content":{"rendered":"<p><!-- SC_OFF --><\/p>\n<div class=\"md\">\n<p>New Ontario home owner here, we bought our townhouse, that is a part of a condo corporation, last spring. A few months ago we got documents from the condo corp that they had chosen a construction company to do a $2 million watermain repair this summer. The next few notices were about securing a loan and increasing our fees by $300\/month for 25 years to pay for the repair. I figured there was nothing I could do and got unlucky with my purchase.<\/p>\n<p>&#x200B;<\/p>\n<p>I have now heard from a neighbour that this repair has been in the works for up to 6 years and has been discussed at past condo corp meetings. When we purchased I looked through the condo docs and reserve fund without finding any mention of plans for this work (we decided not to bid on a similar condo that had planned driveway\/road repairs coming). Would this be the condo corp&#39;s fault for not disclosing? Is this something worth discussing with the lawyer who helped us with the purchase? Thank you for reading and giving advice if possible!<\/p>\n<\/p><\/div>\n<p><!-- SC_ON --> &#32; submitted by &#32; <a href=\"https:\/\/www.reddit.com\/user\/Ok_Firefighter_7898\" target=\"_blank\" rel=\"noopener\"> \/u\/Ok_Firefighter_7898 <\/a> <br \/> <span><a href=\"https:\/\/www.reddit.com\/r\/PersonalFinanceCanada\/comments\/v39zko\/condo_corp_is_finalizing_a_2_million_expense_that\/\" target=\"_blank\" rel=\"noopener\">[link]<\/a><\/span> &#32; <span><a href=\"https:\/\/www.reddit.com\/r\/PersonalFinanceCanada\/comments\/v39zko\/condo_corp_is_finalizing_a_2_million_expense_that\/\" target=\"_blank\" rel=\"noopener\">[comments]<\/a><\/span><a href=\"\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Ontario home owner here, we bought our townhouse, that is a part of a condo corporation, last spring. A few months ago we got documents from the condo corp that they had chosen&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/26735"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=26735"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/26735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=26735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=26735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=26735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}