The Renter's Guide

How often have we heard “We are going to rent an apartment?” It is a step that most of us will take at a certain point in time of our life. This move, of renting a place to live, can be a very stressful process. A cooperative relationship between the renter and the management company can eliminate some if not all of this stress and make it an enjoyable event.

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The Renter's Guide

A few years ago, a son of one of my friends attended a university out of town. He rented an apartment and entered into a one year lease. He then decided, near the end of the lease that he wanted to move somewhere else. He advised the management company on his intentions, as it was required, that he would not be renewing his lease.

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- Condominium Manager Magazine, Fall 2013

Condominium Management Standards Council

BEGINNING WITH the fall issue of CM magazine we will include updates on ACMO 2000 certifications awarded to companies that have successfully completed the certification process as well as the required compliance audits that have been completed by ACMO 2000 companies. The Condominium Management Standards Council administers the ACMO 2000 program. Its members include Chris Jaglowitz, chair, Hitesh Doshi, vice-chair and members Chris Antipas RCM, ACCl, Stephen Chesney CA, Ernie Nyitrai, Bill Thompson RCM, ACCl and Saul York. The independent auditor of the ACMO 2000 program is BSI Management Systems Canada Inc.

ACMO 2000 is a certification program that promotes superior quality management service within a framework of standardized operational processes.

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- Condominium Manager Magazine, September 2013 (condolifemag.com)

I've mentioned in this space a few times before that the rules are changing for condominiums in Ontario and that the 15-year-old Condominium Act will be revised to offer even greater protection to the one-million-plus condo dwellers in the province.

Well, the wheels are in motion. The first of several recommendations from the Ontario government came in late July, when it declared that it would like to institute mandatory qualifications for condo managers.

"There is an overwhelming consensus that condominium managers be qualified and licensed to carry out their significant responsibilities," Consumer Services Minister Tracy MacCharles was quoted as saying. "One in 10 people in Ontario live in a condominium and their quality of life depends to a great degree on qualified, well-trained condominium managers.”

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So you're in a seat at your condominium's Annual General Meeting and you're staring at an auditor with a microphone.
You're trying to listen to him attentively as he appears to be providing you and your fellow unit owners with information about your building's financial status.

Problem is, you don't really know what the heck he's talking about - and you're not alone. This, unfortunately, has been the case for many condo owners for far too long.

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First-time purchasers of condominium units are often shocked after a year of living in their unit to get a notice of a suhstantial condominium fee increase for the next year. Why does this happen? The increase for the second fiscal year of their new condominium corporation can be attrihuted primarily to two budget items: utilities and the reserve fund contribution. 

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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