5.5 (1) In order to make a warranty claim during the first-year claim period in respect of the common elements of a condominium project, the owner shall complete and submit to the Corporation a first-year form.  O. Reg. 274/10, s. 7. (2) An owner may submit one or more first-year forms to the Corporation at any time during the first-year claim period.  O. Reg. 274/10, s. 7. (3) If an owner submits a first-year form to the Corporation during the first-year claim period, the vendor shall have until the end of the 18-month period from the first anniversary of the registration date of the declaration and description for the condominium project to repair or resolve the claim items listed on the form.  O. Reg. 274/10, s. 7. (4) If the vendor does not repair or resolve the claim items listed on the first-year form submitted in accordance with this section by the end of the period specified in subsection (3), the owner may request a conciliation by contacting the Corporation at any time within 60 days after the end of the period specified in that subsection.  O. Reg. 274/10, s. 7. (5) If the owner does not request a conciliation under subsection (4) or if the owner cancels the conciliation requested under that subsection, the owner shall be deemed to have withdrawn all claim items listed on the first-year form that the vendor does not repair or resolve by the end of the period specified in subsection (3).  O. Reg. 274/10, s. 7. (6) If the owner requests a conciliation under subsection (4), the vendor shall have 90 days from the date of the owner’s request to repair or resolve the claim items listed on the first-year form.  O. Reg. 274/10, s. 7. (7) If an owner requests conciliation under subsection (4) and the vendor does not repair or resolve the claim items within the 90 days from the date of the request, the Corporation shall, at any time between the 91st day and the 150th day, both inclusive, from the date of the request, conduct a conciliation inspection and, as soon as reasonably possible after conducting the inspection, issue to the owner and the vendor a conciliation assessment report. O. Reg. 274/10, s. 7; O. Reg. 118/23, s. 10. (8) The vendor shall have a further 90 days from the date on which the conciliation assessment report is issued to complete the repairs or otherwise resolve all warranted items set out in the conciliation assessment report. O. Reg. 274/10, s. 7; O. Reg. 118/23, s. 11. (9) If the vendor does not complete the repairs or otherwise resolve all warranted items set out in the conciliation assessment report, the Corporation shall, subject to subsection 14 (3) of the Act and section 6 of this Regulation, pay compensation out of the guarantee fund to the owner or shall perform or arrange for the performance of any required work. O. Reg. 274/10, s. 7; O. Reg. 118/23, s. 11. (10) An owner who is the condominium corporation in relation to a residential condominium conversion project and who receives money from the pre-existing elements fund shall, before spending any of the money on the pre-existing elements of the project in accordance with the expected major repair schedule for the project during the initial period, (a) if so spending the money could be the subject of a claim under subsection 14 (3) of the Act, make a claim on a first-year form in respect of the pre-existing elements of the project and comply with the process specified in this Regulation for making the claim; and (b) give the vendor in relation to the project and the Corporation the opportunity to inspect the condition of the pre-existing elements of the project that are the subject of the claim before any work is done on them. O. Reg. 521/17, s. 10; O. Reg. 118/23, s. 1. (11) An owner who does not comply with subsection (10) shall be deemed to have waived any right to make a warranty claim or to receive compensation from the guarantee fund in respect of the pre-existing elements of the project. O. Reg. 521/17, s. 10. Condominium Common Elements — Second-Year Claims