When can a purchaser claim compensation?
The homeowner will
have one year from the date of possession to make a claim for compensation by
submitting to both Tarion and the builder a completed Delayed Closing Form,
which can be obtained by contacting Tarion. In order to be compensated,
homeowners must first close the sale of their home. If the builder refuses to
close, homeowners should contact Tarion.
Making a Claim for Delayed
Closing
Homeowners who have
not received proper notice of a delay, or where the delay exceeds the maximum
permitted, should contact their builder and use best efforts to resolve the
delayed closing claim directly with them.
If the builder fails
to resolve the delayed closing claim, the homeowner should request a Delayed
Closing Form package by contacting Tarion.
The homeowner must submit the delayed occupancy claim
according to the service rules that are described in the Delayed Closing Form
package and in the Delayed Closing/Delayed Occupancy section of the Homeowner
Information Package.
by Ryan Carson