Hi group

The closing for my new condo was supposed to be in Nov 2007 as per the initial agreement with the builders. But there was delay in completing the construction and the new closing date is set for June 2008.

I was told that that if there is a delay of more than 3 months then I can claim some amount from the builders for the delay. can someone pls answer the folloing for me;

1) How much money can be claimed from the builder?
2) What documentation is required to file the claim?
3) When should the claim be filed.

Pls provide any other relevant info that I may require.

Thanks for any help

Cheers
rsk

Builder delay is common these days. Sometime ago, I wrote about delayed occupancy. Some of my clients have been in your shoes. You may want to read all about delayed occupancy on my blog. You will also find answers to your questions:

http://condopundit.com/wordpress/?p=14

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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/