Personal Finance

What are Pre-Lien Fees and Collection Fees?

  • Last Updated:
  • Jun 17th, 2019 10:29 am
[OP]
Member
Aug 24, 2014
268 posts
33 upvotes
North York

What are Pre-Lien Fees and Collection Fees?

Dear Unit Owner,

Please be advisded that effective July 1st, 2019, the Pre-Lien Fees and Collection Fees will be increasing. These are the fees that Unit Owners will be required to pay to the Corporation in the event a unit is liened under s.85 of the Condominium Act, 1998.
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I got this letter from my condo. I own a suite, and the suite is not liened. So I wouldn't have to worry about this, should I?
3 replies
Sr. Member
Jun 13, 2018
905 posts
634 upvotes
Only a concern if you don't pay your fees under the Condominium contract. Many of those agreements are hyper complex.
Jr. Member
Mar 6, 2018
144 posts
101 upvotes
I have also received the same notice from my condo, thanks for explaining.

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