3 Insurance Facts Ontario Condo Corporations Need to Know
Posted on Tuesday July 17, 2018
As a member of your condo corporation’s board, you have a fiduciary duty to your community. In part, that means getting insurance protection for the corporation at the best price possible. However, condominium corporation insurance can be very confusing.
4 Ways Your Board Can More Effectively Communicate Your Condo’s Budget
Posted on Tuesday July 03, 2018
Creating your condominium corporation’s annual budget is one of the most important responsibilities your board has. It takes a lot of hard work and may require spending decisions that won’t be popular with unit owners. Consequently, owners may voice strong objections or even question the board’s ability to manage the corporation’s money.
Condo Act Changes Remove Roadblocks to Electric Vehicle Charging Stations
Posted on Monday June 25, 2018
For the more than 1 million Ontario residents who live in condominiums, driving an electric vehicle (EV) has become a more viable option. Recent changes to the Condominium Act, 1998, address one of the primary barriers condo owners have faced: limited availability of EV charging stations (EVCS) at their condominiums. The revisions, which went into effect May 1, 2018, establish processes for getting EVCS installed in condominium buildings.
3 Ways to Fund Your Condo Corporation’s Replacements and Major Repair
Posted on Tuesday May 15, 2018
At one time or another, every condominium corporation has to spend money on replacing equipment or making major repairs. Whether that means replacing a roof, installing a new ventilation system or any other big-ticket project, they are a necessity. But how should your condo corporation pay for them?
Staying Ahead of Your Condo Corporation’s Maintenance and Improvement Projects
Posted on Friday April 27, 2018
A condo corporation’s overall financial health relies heavily on following regular maintenance schedules and making necessary property improvements before it’s too late. To ensure that these important responsibilities are well managed, a long-term plan and effective handling of day-to-day projects is required. Want to know what you can do to make this happen?
Five Steps for More Effective Condo Board Meetings
Posted on Wednesday April 11, 2018
If you’re like many board members, one of your most challenging jobs is running your condominium corporation’s board meetings. Keeping everyone on task and addressing board member disagreements is not always easy. So what can you do to manage your meetings more effectively?
The Six Secrets to Building Your Condo’s Volunteer Pool
Posted on Thursday February 15, 2018
As a board member for your condominium corporation, you know that your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.
Demystifying Maintenance and Repair Roles for Residents in Your Condo Corporation
Posted on Wednesday December 20, 2017
How well do unit owners in your condo corporation understand maintenance responsibilities? You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the unit owner’s, and what’s outside is the corporation’s.