Search results for: special assessment
The Truth About Whether It’s Ever Okay For Condo Boards To Defer Capital Work
With the cost of inflation presenting financial strain for even the healthiest reserve funds, your condo board might be tempted to defer capital work. Here we share the truth about deferring capital work and whether it’s ever okay to use this tactic as part of your maintenance strategy. When Inspections Say It’s Okay Feasibility studies…
Read MoreNot on My Watch: Security Tips for Condo Boards
Your condo board has a responsibility to take reasonable measures to keep the property and residents safe. Here we share security tips for condo boards to help you implement proven security strategies. Review, Assess and Establish Goals Make sure your board understands your current security plan by reviewing the following: Security documentation Emergency response plans…
Read MoreRoof Replacement: How to Know When Your Condo Board Needs to Invest in a New Roof
Preventative maintenance plans and ongoing repairs help keep your roof in good condition. However, there will come a time your condo board must invest in a roof replacement. Here we explain how to know when your condo needs a new roof. Roof Inspections Roofs have several layers, including insulation, vapour barriers, and surfacing. As the…
Read MoreCondo Boards Burnout: Strategies to Avoid It
Condo boards are often the unsung heroes of the condo community. They step up to bat to help ensure the needs of the community are met. However, they sacrifice their own time in the process. While the early days of condo boards participation can be quite exciting, as time goes on the demands can wear…
Read MoreReserve Fund Study for condos
Everything you need to know about reserve fund study. Whether you sit on a condo board of directors or own a condo, understanding the ins and outs of condo management can be a big benefit. One of the most important aspects of condo management is the reserve fund study. According to the Condominium Act, 1998…
Read MoreHow to pick a property management company for your condo
Choosing the right property management company for your condo is one of the key decisions a condo board will ever make. Here is a proven strategy for selecting the best company to work with on managing your condo corporation. Condo board responsibilities First, let’s establish what condo corporations are responsible for. In Ontario, condos must…
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