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Tarion Talks: Understanding Your Common Elements
12/04/2018
Tarion Talks: Understanding Your Common Elements
Every condo owner has probably heard the term “common elements.” Fitness rooms, rooftop terraces, parking garages, garbage chutes, and mechanical rooms are just some of the items that fall into this important category. What some unit owners may not know is that, when things go wrong, common elements of a residential condominium project have their own separate warranty that is backstopped by Tarion. In our newest episode of Tarion Talks, our host Melanie Kearns, Tarion’s Director of Strategic Communications, is joined by two Tarion common elements experts – Bonnie Douglas, a Warranty Services Manager; and Chuck Murad, a Stakeholder Relations Manager – to provide an overview of common elements and the warranty that covers them. Topics discussed in this episode include: How to find out which parts of your condominium community – including “exclusive use” areas – are considered common elements; The importance of reading through your condominium community’s disclosure statement, and the enclosed declaration; The role of your condominium corporation when it comes to making a common element warranty claim; What to do if you discover a common element issue (and how to get updates on an ongoing repair); An overview of the repair timelines for warranted common element issues.
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