If anyone believes one of your Owners Corporations (OC) are responsible for personal injury or property damage, and they decide to seek compensation, they will most likely receive a Letter of Demand (LOD).
Take it from us, no matter how far-fetched the claim seems, whether the OC believes it happened or not, never ignore it! Renee Cassidy – Whitbread Claims Manager explains…
What is a Letter of Demand?
“Also known as a solicitor letter, a LOD is a formal notice demanding that the person to whom the letter is addressed perform an alleged legal obligation such as rectifying some identified problem, paying a sum of money or acting on a contractual commitment.
Most demand letters will include a deadline for action, and are often used to prompt payment, avoiding expensive litigation.
A demand letter often contains a “threat” that if not adhered to, the next communication between the parties will be through a court of law in the form of formal legal action.” – Duhaime.org Legal Dictionary.
In summary, a LOD is a demand of payment for damages or injury arising from an event involving the person or entity to whom the letter is addressed.
