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Category: Financial Management

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Category: Financial Management

AGM, Annual General Meetings, Audit, Featured, Financial Management

AGM, Annual General Meetings, Audit, Featured, Financial Management

04 Oct 2022

Who decides whether the condo auditor is to attend the AGM?

Most condo corporations have their auditor attend the AGM to present the audit and answer any questions on

Board of Directors, Budget, Featured, Financial Management

Board of Directors, Budget, Featured, Financial Management

12 Jun 2019

Can Condo Boards Take Decisions by Email?

Our last post on whether condo owners could access Board emails triggered quite the reaction from our readers.

Amendments to the Condo Act, Announcements, CMRAO, Communication to owners, Condo Authority of Ontario, Condo Authority Tribunal, Condo Management Regulatory Authority of Ontario, Condo Management Services Act, Condo Managers, Directors and Officers, Featured, Financial Management, Governance, Property Manager

Amendments to the Condo Act, Announcements, CMRAO, Communication to owners, Condo Authority of Ontario, Condo Authority Tribunal, Condo Management Regulatory Authority of Ontario, Condo Management Services Act, Condo Managers, Directors and Officers, Featured, Financial Management, Governance, Property Manager

25 Jul 2017

New Info on the Education and Examination Requirements for Condo Managers

Ontario held a press conference on July 25, 2017, to announce new protections for condo residents, to be

Arrears, Common Expenses, Compliance, Condo Fees, Costs, Court Cases, Featured, Financial Management, Special Assessment

Arrears, Common Expenses, Compliance, Condo Fees, Costs, Court Cases, Featured, Financial Management, Special Assessment

25 Apr 2017

Condo Arrears Include Legal Fees

In a recent unreported Ottawa case, a condo owner sued his condominium to recover the legal fees charged

Amendments to the Condo Act, Annual General Meetings, Arrears, Board of Directors, Budget, By-laws, Common Elements, Condo Fees, Declaration, Directors and Officers, Elections, Featured, Financial Management, Governance, Lease of Units, Legislation, Meeting of Owners, Proxies

Amendments to the Condo Act, Annual General Meetings, Arrears, Board of Directors, Budget, By-laws, Common Elements, Condo Fees, Declaration, Directors and Officers, Elections, Featured, Financial Management, Governance, Lease of Units, Legislation, Meeting of Owners, Proxies

06 Sep 2016

The “5 Ws” of a Condo AGM

Fall is often a good time for condominium corporations to hold their annual general meeting (“AGM“) of owners.

Board of Directors, Budget, Building Deficiencies, Common Elements, Construction, Directors and Officers, Featured, Financial Management, Governance, Insurance, Property Manager, Records, Reserve Fund, Tarion

Board of Directors, Budget, Building Deficiencies, Common Elements, Construction, Directors and Officers, Featured, Financial Management, Governance, Insurance, Property Manager, Records, Reserve Fund, Tarion

25 Jul 2016

The First Year in the Life of a Condominium Corporation

The first year of a condominium corporation is a big one. In addition to dealing with ongoing construction

Arrears, Board of Directors, Common Expenses, Condo Fees, Costs, Court Cases, Directors and Officers, Featured, Financial Management, Lien, Litigation, Standard of Care, Status Certificate

Arrears, Board of Directors, Common Expenses, Condo Fees, Costs, Court Cases, Directors and Officers, Featured, Financial Management, Lien, Litigation, Standard of Care, Status Certificate

09 Mar 2016

Condo Loses Priority Over $1.3M With Directors Failing to Pay their Condo Fees and Falsifying Status Certificates

We recently blogged on how to ensure condo fees are paid before the mortgage in cases of default

Arrears, Budget, Common Expenses, Condo Fees, Featured, Financial Management, Litigation

Arrears, Budget, Common Expenses, Condo Fees, Featured, Financial Management, Litigation

09 Feb 2016

How to Ensure “Condo Fees” Are Paid Before the Mortgage in Cases of Default?

The timely payment of common expenses (commonly referred to as “condo fees”) is essential to the survival of

Construction, Featured, Financial Management

Construction, Featured, Financial Management

10 Jun 2015

Should Your Condo Corporation Pay HST If It’s Not Specifically Included in a Quote?

Have you ever faced a situation where a contractor requested taxes over the quoted price? How much should