When a director joins the condo board, it is not uncommon to sense tension between the newcomer and the current members at first. Experience suggests this tension is usually the result of the new board member taking the position of “there is a new sheriff in town,” without even knowing how the board functions and what are the issues.

This kind of situation should be resolved as soon as possible in order to avoid conflicts among the board members. Left unaddressed, it may negatively affect the corporation if conflict distracts the board from looking after the affairs of the corporation in the best interest of all unit owners in a timely manner.

Read more...

The Ontario government is preparing to license both condominium managers and management companies. But until it rolls out the Condominium Management Services Act, the industry remains unregulated. In the absence of regulation, the Association of Condominium Managers of Ontario (ACMO) created its own condominium management standards, which it recognizes with ACMO 2000 certification. What does it mean to be an ACMO 2000-certified management company? Taft Forward’s CEO, Shlomo Sharon, and Vice President & ACMO 2000 Leader, Vaishali Taylor, explain.

Read more...

At some point in its life, a condominium corporation is likely to face issues in which the owners want to have their say or at least be made aware of. These events can include changes to the corporation’s assets, bylaws, common elements or services. They can also include litigation and special assessments.

Read more...

Condo Business

So the board wants to change management companies. The first question to answer is: Why? What is it that the corporation isnt getting from the current management company? What would the board like to see from the new management company?

Read more...

Condo Business

Consider this scenario: At the first meeting of a newly elected condo board, the property manager advises the board members that they need to appoint a lawyer to represent and direct the corporation on any legal matters related to the condo corporation.

Read more...

Condo Business

Setting a condominium corporation’s budget, which will ultimately dictate the monthly fees each unit owner is required to pay, is by no means a simple task. The previous year’s actual operating results serve as a good benchmark for the upcoming fiscal year’s budget. But the board, with input from the management company, may make further considerations in preparing the optimal budget. Accounting for all the factors at play requires a balancing act.

Read more...

Quick Contact

Taft Management and Forward Property Management Group

250 Davisville Avenue
Suite 108
Toronto, Ontario
M4S 1H2 Canada
Tel : (416) 482-8001
Fax : (416) 482-8010
After Hours Emergency:
(647) 955-3681

info@taft-forward.com