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.

 

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Condo Business

So the board wants to change management companies. The first question to answer is: Why? What is it that the corporation isn’t getting from the current management company? What would the board like to see from the new management company? 

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Condo Business

It is common for a condominium corporation to have an owner who is unhappy with whatever is being done in the building, and always criticizes things and insists that things should have been done differently. This same owner may even sometimes complain about his fellow residents.

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The Renter's Guide

From time to time management will receive complaints, from tenants in their building, that one or more of their neighbours appears to have over loaded their unit with material things or sometimes even with animals.

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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.

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Condo Business

From time to time, a condominium corporation is required to tender contracts. Service providers may be engaged to conduct yearly or seasonal maintenance, such as landscaping, snow removal or elevator inspections.

 

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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