New Owner Information Certificate (NOIC)

New Owner Information Certificates (NOIC) are sent to new owners within 30 days after the new owner provides written notice stating their name and the unit that they own in the corporation.

A NOIC covers the most recent PIC and any subsequent ICUs.

Some condo corporations are exempt from these requirements if:

they’ve held a turnover meeting under section 43 of the Condominium Act; and

the owners of at least 80% of the units consent in writing to dispense with the requirements.

With that in place, the exemption applies to information certificates required to be sent for the remainder of the particular fiscal year.

Corporations must use new mandatory forms on the Government of Ontario website, which walk through how to compile the information in the certificates. Much of the contents in the certificates should be readily available, i.e. information that’s already included in status certificates that corporations typically prepare for unit purchasers.

To reduce the amount of material they must print for distribution to owners, corporations can make use of a notice of online posting. Or they can enter into agreements with owners for electronic delivery of the certificates.

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