Notice Of Lien Form printable pdf download

NOTICE OF LIEN

Pursuant to Section 162(2) of The Condominium Act (Form 16)

1. TO:

Being the owner(s) of the land described below.

see schedule

2. NOTICE OF LIEN:

TAKE NOTICE THAT _____________________ Condominium Corporation No. _______ (the

“Condominium Corporation”) has a lien under The Condominium Act against the land described below for

unpaid contributions to common expenses and / or its reserve fund.

3. LAND DESCRIPTION

TITLE NO.(S)

see schedule

CIVIC ADDRESS OF UNIT

______________________________________________________________________________

4. DESCRIPTION OF LIEN

A. DATE OF DEFAULT

(i)

The default that gave rise to this lien occurred on __________________.;

B. THIS LIEN SECURES THE FOLLOWING AMOUNTS:

(i)

$ ___________ being the current amount owing by you to the Condominium Corporation under this lien.

This amount consists of unpaid common expense contributions of $ _________ and/or unpaid reserve

fund contributions of $ _________.;

(ii)

Interest on the above amount owing at a rate of _______ % per month/per annum.;

C. THIS LIEN ALSO SECURES THE FOLLOWING:

(i)

Any amounts that you fail to contribute to the common expenses or reserve fund for the Condominium

Corporation after the date of registration of this lien. (Your current contribution to common expenses is

$ __________/month and your current contribution to the reserve fund is $ __________/month);

(ii)

Interest on any amounts that you fail to contribute after the date of registration of this lien at a rate of

_______ % per month/per annum; and

(iii)

All reasonable legal costs and expenses incurred by the Condominium Corporation to collect or to attempt

to collect the amounts herein described and owing, including the costs of preparing and registering this lien

and its discharge.

see schedule

5. IMPORTANT NOTICE:

THIS LIEN MAY BE ENFORCED IN THE SAME MANNER AS A MORTGAGE IS ENFORCED UNDER THE

REAL PROPERTY ACT INCLUDING BY WAY OF SALE AND FORECLOSURE PROCEEDINGS.

6. SIGNATURE OF CONDOMINIUM CORPORATION

_____________________ CONDOMINIUM CORPORATION NO. ________

…………………………………………………………………..………………..………..…..………..……/…..../….....

Name

Position

Signature

Date (YYYY / MM / DD)

Notice Of Lien Form

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