Tarion critical dates 2025

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The document outlines the terms and conditions related to the Firm Closing Date for a property sale, including critical dates, delayed closing warranties, and compensation for delays. It specifies the responsibilities of both the Vendor and Purchaser regarding completion timelines, potential delays, and termination rights. Additionally, it emphasizes the importance of legal advice before signing agreements and provides guidelines for communication between parties.

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What is the final tentative occupancy date in Ontario?

Final Tentative Occupancy Date Occupancy dates progress from tentative, to final tentative and then to firm. Your Final Tentative Occupancy Date is established once the roof is completed for your community.

Is Tarion a regulator?

In 2021, Tarion transferred its licensing function to the Home Construction Regulatory Authority (the HCRA). The HCRA is now responsible for regulating and licensing new home builders and vendors, while Tarion administers warranty plans and related obligations.

How long has tarion been around?

Established in 1976, Tarion has a rich history supporting Ontario new home buyers view our history here.

What is a tarion addendum?

The Addendum sets out standard contract provisions related to closing dates and delays. You must include the applicable Addendum with every purchase agreement and complete it in full. To coincide with the launch of the Home Construction Regulatory Authority (HCRA), the Addendum was updated.

How long is the Tarion warranty?

The seven year warranty covers major structural defects (MSD) and begins on the date that the purchaser takes possession of the home and ends on the seventh anniversary of that date.

statement of critical dates

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Is Tarion mandatory in Ontario?

In addition to providing a warranty, anyone in the province of Ontario who plans to build a home for the purpose of sale or sells a new home must be registered with Tarion.

What is the firm occupancy date for tarion?

The Firm Occupancy Date The date that you and your builder agreed your inium unit will be ready for you to move in. If this date is not met, your builder must set a Delayed Occupancy Date and you are entitled to delayed occupancy compensation.

What is the purpose of Tarion?

Tarions role is to ensure that purchasers of new homes receive the coverage they are entitled to under their builders warranty. For more information on the act, visit the Ontario New Home Warranties Plan Act Webpage and for more information about Tarion, who we are and what we do visit our About Us page.

Tarion critical dates 2025

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How to rapidly redact Tarion critical dates online

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What is the final tentative occupancy date in Ontario?

Is Tarion a regulator?

How long has tarion been around?

What is a tarion addendum?

How long is the Tarion warranty?

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Is Tarion mandatory in Ontario?

What is the firm occupancy date for tarion?

What is the purpose of Tarion?

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