Marina Del Rey Condominium $15 Lawsuits, Toronto

The Toronto Waterfront area can be a beautiful place to live. I thought all my dreams had come true when I moved in to my condominium 23 years ago. It has the most spectacular view of this city! However, I soon discovered that purchasing this property would become my biggest nightmare! I have now been homeless for 13 years!

This is a cautionary tale about what happens to a condo owner at Marina Del Rey Phase I, 2261 Lake Shore Blvd. W, who is forced to commence legal action in an effort to rebuild her home after years of continuous water flooding problems, mismanagement, neglect of duties, and bad faith displayed by insurance companies.

I have started this blog with the hope that I can provide help and encouragement to others who find themselves in a similar situation. Insurance companies and corporations have lots of money and lawyers to fight us. However, we have the power of the internet and the social media to connect, support each other, and exchange helpful information.

Thursday, 9 July 2015

Wow, More Law Suits - Buyer Beware?

Condo Buyers: Should You Fear The Word “Lawsuit”?

I came across an interesting Toronto Real Estate Blog, excerpts below:

"When it comes to downtown Toronto condos, the buyer, buyer’s agent, and lawyer, have to be exceptionally diligent about the condominium corporation that the buyer is purchasing into.
Most, if not all offers to purchase are conditional on a review of the condominium’s “Status Certificate,” where you look for potential red flags.  You want to make sure the seller has paid his or her taxes and maintenance fees, that there are no liens on the condo, that the building has a sufficient reserve fund, and that there are no major expenditures for the building that could result in a special assessment, or a large increase in maintenance fees."
"Those expenditures, of course, could be related to any number of things.  The most common large expenditure that buyers and condo owners fear is a substantial renovation, or repair.  Obviously older condos are in greater risk of a large repair being needed, perhaps for a failing system (heating, mechanical, etc.), or a significant renovation (remodelling an 1970′s lobby, etc)."
"I’m not saying that legal actions aren’t a serious matter, but I am saying that they’re extremely common in downtown Toronto condos, and you simply can’t always be afraid of the word “lawsuit”…."


I have also been told by the lawyer and the real estate agent who organized a meeting for Marina Del Rey condo owners + they are behind a lawsuit against me - that there are plans for "many more lawsuits." 
Can owners sue each other for having lawsuits against the corporation?

What if we have a legitimate claim?

 Do we not have a right to sue?  Flooding unit when it rains, bursting toilets, leaking pipes, slip and fall accident, garage door has no sensor and crushes a car or a person. 
If you sue Marina Del Rey Phase I condo corporation,  be prepared to get sued back by the owners! 
WOW!  Mounting legal fees.  What a Mess.