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Reserve Fund Studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life.

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair.

As Canadians anticipate spending the winter months knee-deep in snow and freezing temperatures, it’s likely that some residents in your condominium corporation community are anticipating spending some of their winter in a warmer climate.

Some condominium boards choose to self-manage which greatly increases the workload of the board. Choosing to hire a professional condominium management company is often the best decision a board can make for themselves and the community. Here is what you should know about professional condominium management.

When renting your condominium, both owner and tenant have responsibilities under the Condominium Property Act of Alberta (CPA). These are in addition to rights and responsibilities for landlords and tenants covered in the Residential Tenancies Act (RTA).

Sometimes confusion exists over what expenses the operating budget covers and those that are reserve fund responsibilities. If board members understand the difference between the two, it's much easier for them to make the correct decisions when managing the affairs of the condominium corporation.

Each condominium corporation in Alberta is required by law to elect a board of directors to manage the corporation on behalf of all the owners. This article gives more detail about the election process and the role of the board.

Recent research has revealed seven service standards that are important to condominium and HOA Board members when they evaluate property managers. How does your manager stack up?

Some owners are reluctant to volunteer to be a condominium board member because they’ve never done it before. That’s why we developed these six essential tips for new board members to help them get up-to-speed quickly. If you consider these points as you get down to condo business, you will be successful in your new role ─ one in which you really can make a difference.

Continually maintaining and improving your property is crucial if you want to protect your condominium corporation’s financial health. To ensure that these important responsibilities are well managed requires a long-term plan and a means of effectively handling day-to-day projects. Here’s how you can make that happen.

Are Residents in Your Condo Corporation Getting the Message? Does your board know the secrets of effectively communicating with residents?

The board of a condominium corporation has many roles and responsibilities. This article highlights the importance of the duties the treasurer must fulfill on a volunteer condo board.

Most people who join the board of their condominium corporation aren’t experts. Rather, they are well-intentioned, dedicated volunteer-leaders who want to protect property values and ensure their community continues to be a great place to live. If you’re a new board member – or even a seasoned one – it’s important to get the training you need to govern effectively and address the issues you may face.

Learn how to effectively manage HOA staff and manager changes.

Learn how to effectively manage HOA staff and manager changes.

Knowing where your assessment money goes is essential to being a savvy association or co-op resident. In this article, we break down the main cost categories.

How do you resolve community conflict, prevent costly and time-consuming litigation and maintain a great reputation in the Nevada marketplace? Consider these three methods of alternative dispute resolution (ADR).

Learn how to effectively manage HOA staff and manager changes.

FirstService Residential managed properties have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, the premier firm in this specialized field.

Is your preventative maintenance plan in need of a check-up? Read on to learn the 11 questions you should ask to assess your HOA’s maintenance health.

There are valid reasons to raise assessments, but in some cases, you may be able to go a different route. Here are four strategies to save your HOA money and keep assessments stable.

To help you avoid the most common board blunders, we’ve identified four mistakes and some practical ways to avoid them. By preventing blunders, you can help steer your board in the right direction, which can ultimately help improve your overall community.

Is your association really prepared for an emergency? Learn how to develop an HOA emergency preparedness plan in 8 steps.

How should your HOA board handle a pandemic like COVID-19? Start by tackling these 5 questions.