Article
40-Year-Old NOSI Does Not Go To Root Of Title (2225064 Ontario Ltd. v. 55 Bradwick Limited)
Until recently , a Notice of Security Interest (NOSI) could be registered on title to property in Ontario to give notice of a security interest in fixtures attached to land, such as HVAC equipment. The use of NOSIs expanded to include dubious long-term contracts for equipment ranging from water softeners to smart-home thermostats, creating obstacles for homeowners seeking to sell or refinance their properties.
Gardiner Roberts LLP