Government Help For Owners Of Leaky Buildings Insufficient

Government Help For Owners Of Leaky Buildings Insufficient

With Government assistance for leaky building owners covering only 50% of repair costs, property owners are left to fend for themselves in the legal arena, seeking damages against contractors and manufacturers of faulty parts. Smart property owners know the cards are stacked against them if they try on their own to seek compensation. That's why seeking qualified legal assistance is crucial for the success of any leaky building claim.

With the government stepping in and recognizing the severity of the nation's leaky home and leaky building problem, most would assume that the problem will soon be solved and property owners will be appropriately compensated and necessary repairs will be made. The truth of the situation is that the governmental plan, while addressing the issue and bringing to light the plight of many property owners, is not sufficient compensation for the vast majority of property owners with leaky home or building structures.

How does the governmental plan work?

Under the proposed package, property owners would be required to prove eligibility and then make a claim under the Weathertight Homes Resolution Services Act in order to obtain financial assistance. This assistance will likely require property owners to forgo the right to sue local authorities for their leaky building, and receive in exchange a payment of 50% of repair costs.

What does the governmental plan mean for homeowners like you?

For owners of leaky homes and leaky buildings, relying entirely on the governmental assistance package will not result in complete satisfaction. With only 50% of the costs being covered, property owners will be left to shoulder the remaining costs on their own. Should they wish to seek damages from builders, contractors and manufacturers of faulty parts used in their home or building, it will be up to them to personally do so. In addition, accepting the governmental aid will eliminate a property owner's ability to sue local authorities for damages, as well, which is important to keep in mind.

What should property owners do to protect themselves and their property?

Regardless of a property owner's decision as to who to ask for compensation for repairs, property owners are best advised to seek legal counsel from experts in the field of leaky home and leaky building litigation. With a brief consultation, they are able to understand all of the options available and to make an informed decision about how to proceed. No matter what they decide to do, property owners who talk to a knowledgeable law firm about their situation become aware of their rights and gather useful information. With proper legal counsel, property owners can rest assured that they have explored all options and are making the best decision for their families and their valuable investment.

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