Whether you are a new or an existing member of a Condominium Board, you should be familiar with annual general meetings (AGM). AGMs are exactly how they sound– general meetings with the condominium corporation that occur annually. Under the Condominium Property Act, AGM must convene no later than 15 months after the previous one, where …
Did you know that water damage is the leading cause of home insurance claims in Canada? One way that can cause water damage is sewer backup, which is when unwanted water is getting back into your home. This can occur from heavy rainfall entering sewer faster than it can handle, damaged or aging sewer lines, …
Planned preventative maintenance is an important tool in a condo corporation’s arsenal. Although not every disaster can be anticipated, or even prevented, there are simple strategies that can mitigate the risk of costly repairs. Examples may include: a boiler check in the spring and fall, annual duct cleanings, and performing roof inspections every 5 years. …
Have you ever wondered what would happen when the condominium is undergoing repairs or maintenance in every unit but you won’t be home? Well, there’s something called the right of entry. The right of entry provides the condo corporation authorization to gain access and enter any unit within the building to conduct any necessary repairs …
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 »