The maximum coverage for condominium common elements is 50 000 times the number of units up to a maximum of 2 5 million.
Ontario new home roof warranty.
Tarion new home warranty.
Whether you are a builder vendor or owner of a new property in ontario you should know that most new homes in ontario are covered by a new home warranty.
This type of warranty protects against defects in the installation process and offers coverage anywhere from 2 to 5 to 10 years but the average differs among contractors with 10 years being the more current average.
The workmanship warranty protects a home owner against any defect of workmanship on the roof installation.
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The maximum combined coverage for a condominium project units and common elements is 50 million.
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At smart roofing we provide a 10 or 12 year workmanship warranty depending on the type of roof shingle purchased and we guarantee to repair or replace any defect in workmanship within the warranty period without any expense to the homeowner.
Posted on may 30 2018may 30 2018by judit murphy.
This warranty protection is provided by ontario s builders and enforced by tarion a private not for profit organization funded entirely by registration renewal and enrollment fees paid by builders.
The maximum statutory warranty coverage available for freehold homes and condominium units is 300 000.