Message from our Editor:
CondoBusiness cuts through industry acronyms and jargon to provide educational content that is just as valuable to a volunteer board director confronting people, pet and parking issues for the first time as it is to a veteran property manager helping clients navigate changes to Ontario’s condo laws.
Michelle Ervin, Editor - CondoBusiness
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In the condominium world, meetings take place several times a year — often monthly, but sometimes more frequently if there are contentious or pressing items that require a decision.
Experience suggests the most successful relationships between condominium corporations and landscape contractors always involve two things: a contractor who knows condominiums and good communication between all involved — management, board, committees and contractor.
Being placed in the position of coordinating both mechanical and building systems, and dealing with a variety of issues personal to clients’ homes, has the potential to place property managers in harm’s way. How can property managers stay safe when they face so many potential hazards in the workplace?
With few exceptions, the Condominium Act of Ontario (the act) requires an independent auditor to perform an annual audit of the financial statements of a condominium corporation. Sections 60 and 71 underline the rights and responsibilities of an independent auditor.
Residential windows have an anticipated service life in the range of 35 to 45 years but may require replacement in half of that time if problems develop. The timeframe is the same for new windows or windows installed 20 years ago, and depends on the quality of the design, fabrication, and installation.