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While shopping for condos, one thing you may choose to filter for is whether or not the condo is pet-friendly. The decision to have a condominium be pet-friendly or not is entirely up to the condominium board and/or the owners to state that in the bylaws. But, did you know that there is a legal …
Sifting through tenant applications, doing background checks, asking for references… it all takes some time and effort but these are important things to do and can actually potentially save you money. In addition to the legal obligations a condo owner has to their condo corporation, they also have an obligation to make the right choice …
First, let’s start off with what a landlord is. A landlord is any person who owns a property and rents it out to someone else. Landlords have certain obligations within the condo corporation that are vital to the smooth operation of the organization. As per legislation in Alberta, landlords must inform the condo corporation of …
Often times, new or first-time condo board members are under the impression that decisions regarding all condo-related matters are made by the property manager. However, this is actually the opposite from the truth. Condo board members are responsible for running the condo corporation and ensuring any short- and long-term concerns are being addressed. Any decisions …
Taking part in your condo board is a great way to get hands-on involvement with all matters related to your condo, and ensuring your condo’s value continues to thrive and grow. Here are some key points to remember while being on your condo board: Respond when asked to do so — these days, many board …
Key Points to Remember While on your Condo Board Read More »
Let’s take a closer look at some of the condo board roles and responsibilities. Some of the duties involved may or may not be new to you, but good news is that none of them require any previous experience. The Secretary accurately records the board meeting minutes, which are then distributed to the board for …
You’ve now become a board member… What are the roles and responsibilities? Read More »
First, review your bylaws for the sections about The Corporation, Board of Management of the Corporation and Eligibility for the Board. These sections will describe who is eligible to become a board member, how board members are elected, and how long the term you would be committing to. There are two ways to gain …
1. If not you, then who? Get involved and have your voice heard! Apply your valuable life skills to helping your condo (and your investment) thrive and grow. There are many reasons to put your name in the hat– spare time on your hands, an interest in connecting with co-owners, wanting to help find solutions …
Now the fun begins. For first-time directors, there is an overwhelming amount of new information to digest. While it may seem like everything has to be learned at once, it may be more realistic to take a gradual approach. Here are five need-to-know topics to get the journey started: https://www.reminetwork.com/articles/five-things-new-condo-directors-need-know-now/
We have been asked several times, what is the difference between a condo and an apartment. Here is a quick explanation of the differences. What is a Condo? A condo is a type of shared property which contains individually owned units. In addition to the individually owned units, you also jointly own the common area …