Warranty Information for New Homes on Tied Land

This document is a guide that outlines the warranty information for new homes located on a freehold parcel of tied land associated with a Common Elements Condominium Corporation. It details the warranties and protections provided by builders and backed by Tarion. The guide emphasizes the importance of the Pre-Delivery Inspection (PDI), which allows homeowners to identify issues before taking occupancy. It also explains deposit protection, delayed occupancy coverage, and the specifics of warranty coverage, including one-year, two-year, and seven-year warranties. Additionally, it lists warranty exclusions and clarifies that there is no coverage for common elements under the Ontario New Home Warranties Plan Act. The document concludes with important next steps for homeowners, including resources for understanding warranty coverage and preparing for the PDI. Tarion's role as a not-for-profit organization administering the warranty program is also briefly mentioned.