New Condo Guide

You’ve purchased a condo and have volumes of papers to take to your lawyer. Before you do, take a look at the budget which is attached to your documents. This budget will serve as the basis for your monthly condominium fees. You may wonder how this budget was prepared and where did these numbers come from? The preparation of the condominium’s first year’s budget is done well before the developer markets the condo to the public.

Read more...

The Renter's Guide

Living in a multi-residential community can be viewed as living in a commune.  It is almost impossible to ignore your neighbors and their actions.  Living in a house, the number of people that you each have to accommodate is limited, however in a multi-residential community there are far more people to accommodate.  In order to enjoy this kind of living arrangement, we have to be cognizant of our neighbours and avoid any such behavior that will disturb the community.  A property management company unfortunately has to deal with this almost on a daily basis.

Read more...

New Condo Guide

It is universal these days that Condominium Corporations hosts a page on social media forum. Memberships on FB or a blog should be reserved primarily for the owners of the residential units in the condominium. While the purpose of these social media forums should serve as a tool for the owners to meet their neighbours and build a strong community, it often becomes a forum to air frustrations with the developer, management, board and with other individual owners. It is not uncommon to read negative comments, referring to any of these groups, which may also give rise to potential defamation and lawsuits against the writer.

Read more...

The Renter's Guide

We all, who live in a multi-residential unit, need a good night's sleep. In order to do so, we should not have to be worried about safety and security of our homes. This is a combined responsibility of both the landlord and the residents. When you consider renting a residential unit, you should first of all familiarize yourself with the area, drive around the property during the day and night time. You should look around for any signs that would alarm you, such as graffiti, broken fences, broken windows and back yards that are in disrepair.

Read more...

The Renter's Guide

You have decided that you are now ready to rent a residential unit. You do your homework and search for information that is available to you. You find out that there are units for rent in a rental apartment building, but there are also units for rent in a condominium building. You are not sure what the difference is in renting between the two types of buildings. What are the advantages and disadvantages in renting in each of these buildings? Let’s explore it.

 

Read more...

New Condo Guide

The amount of money that a Condominium Corporation has on deposit in its reserve bank account can range from $20,000 to over $2,000,000. The management of these funds, and the ongoing operating fund, is the ultimate responsibility of the Condominium Corporation’s Board of Directors.

 

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