Search

Keeping your condominium corporation’s finances healthy is much like keeping yourself physically fit. The key is to make smart choices and avoid over-indulgence.

Are residents in your condominium corporation always aware of upcoming events, construction projects and board meetings? Do they understand their responsibilities and the policies they need to comply with?

You want your condo community to be successful. All board members do. You know that means watching the finances carefully and maintaining the property. But do you think about effective board communication as an ingredient in your recipe for success? It is!

As a homeowner, you can do your part to make communication in your condominium corporation better. Find out how.

Is good communication important to your property management company? Use this questionaire to find out.

The term “conflict of interest” is often used when discussing board member activities, but it is one that is not always understood. Having a clear definition of what is and what is not a conflict of interest is critical to a board as it carries out its duties on behalf of the rest of the owners.

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.

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.

There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible.

Proper condominium management depends upon the annual budget for both short- and long-term financial planning. It’s important to follow some guidelines to ensure the success of the community and protect the investment of the owners.

Short term vacation rentals are popular with both travelers and the homeowners that rent to them. Perhaps you have stayed in a home that was advertised on Airbnb or VRBO. Maybe you have rented your home this way. For the most part people love this alternative to staying in a hotel or a B & B. But what are the implications when the home is part of a multi-family community? What about the common areas and amenities for which all the owners pay upkeep? There can be insurance implications as well. This article discusses some ways the risks to the condominium and its residents can be reduced.

A good budget provides the framework for the successful operation of a condominium corporation. Sometimes condo board members are daunted by this important undertaking. We have broken the task down into manageable steps to help you create a financial plan that will accomplish your goals.

Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.

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?

If you’ve ever been a volunteer board member, you probably know the importance of board meetings. However, sometimes they are not as productive and professional as they could be. Delicate situations can arise. To keep your meetings focused, respectful and collaborative, put these helpful tips into practice.

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.

What are your property manager's responsibilities? Find out if they have what it takes. Upcoming Condominium Management Licenses and more.

The Canadian Senate passed Bill C-45 , known as the ‘Cannabis Act’, in June 2018 which legalized the recreational use of cannabis across Canada. The first G-7 country to do so! When Bill C-45 goes into effect on October 17 th , Canadians will be able to purchase, consume and grow up to four cannabis plants, as well as make cannabis-containing products at home.

Adequate funding and planning preserves your community for future residents.

Answers to common HOA and COA board member questions on social media policies, responding to comments, and maintaining a positive online reputation.

Learn more about which Florida HOA laws passed in 2020, and how these new bills will affect your community.