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What are the Core Responsibilities Involved in Managing A Condo Corporation vs. Administration?
The title “Condo Manager” can be misleading. While one condo corporation might hire a Condo Manager to oversee administrative duties, another might hire them to carry out duties that require a license. The Condominium Management Services Act defines the core responsibilities of a licensed Condo Manager. Here we compare the core responsibilities of a licensed…
Read MoreCondo Life Stages: What Makes Buildings Vulnerable at Each Life Stage
Condo buildings go through five life stages, each with its own vulnerabilities. Here, we look at what makes condo buildings vulnerable at each stage of the aging process to help you create a more predictive maintenance plan. Under a Year: The Pre-Natal Life Stage Feeling confident your reserve fund won’t be needed during the pre-natal…
Read MoreWhat’s a Healthy Reserve Fund?
Your condo reserve fund sets aside money for non-routine repairs and replacements. However, if your board isn’t careful, you can make critical errors that make it impossible to cover these necessary capital expenditures. As a result, your residents face the risk of special assessments. Here we look at what is considered a healthy reserve fund…
Read More3 Hidden Condo Damages Every Board Should Know About
Your building envelope is susceptible to direct and indirect damage. Direct damage is obvious and occurs to the building envelope itself. Indirect damage is hidden and results when direct damage is not addressed. As a result, indirect damage ends up costing your condo money as it is slow and progressive. Here, we look at three…
Read MoreHow Building Envelope Inspections Can Save Your Condo Board Money
Assessments play an essential role in preventive maintenance plans. You can take your assessments to the next level by including building envelope inspections to identify high-cost deficiencies. Here’s how building envelope inspections can save your condo board money. What Do Condo Building Envelope Inspections Involve? Building envelope inspections help find issues in your building envelope…
Read MoreThe Reserve Fund Planning Challenges All High-Rise Condo Boards Need to Know About
With more and more Toronto condo towers reaching over 40 storeys, condo boards need to understand the challenges high-rises present for reserve fund planning. The taller the building, the more challenging upkeep becomes, especially when considering exterior renovations. Here we look at the reserve fund planning challenges for high-rises and the costs of “working at…
Read MoreDebunking Common Exterior Building Restoration Myths for New Condo Board Members
Congratulations on your new position as a condo board member! While you might be excited about your new role, it comes with a lot of responsibility, including assisting with condo renovation responsibilities like exterior building restoration projects. Here we help debunk common exterior building restoration myths to help you ace your first capital expense project…
Read MoreWhy Your Condo Board Should Consult with a Building Envelope Expert Before Exterior Renos
Your condo’s building envelope includes the exterior walls, foundations, roof, windows, and doors. The envelope protects your interiors from the elements and is the main building component contributing to energy efficiency. Before you embark on exterior deep retrofits or upgrades, it makes sense to consult with a building envelope expert. Here’s why. Building Envelope Expertise…
Read More4 Business Innovations for Condos
Every year technology introduces new ways to improve business operations. These improvements don’t always have to be industry specific to be effective. Here we look at four innovations used in other industries that offer potential benefits for your condo board. Check out these innovations for condos worth exploring. 1. Virtual Reality (VR) and 3D Imaging…
Read MoreHow, why, and when is the right time for Condo Boards to implement new policies?
Your condo corporation’s policies ensure your board meets your obligations. However, because the Condo Act does not refer to policies per se, new policies might cross the line between a policy and rule. A policy is board directed, while rules require resident input and votes. Here we look at condo board policies and how, why,…
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