Budget planning for a condo corporation is a multifaceted task that involves both legal and financial elements. For board members and property managers, preparing a comprehensive and realistic budget is essential to ensure the corporation’s stability, compliance, and long-term success. One of the most critical yet often overlooked aspects of budgeting is planning for legal expenses, especially those related to regular reviews of governing documents. Proactively accounting for
In condo communities, one of the most common sources of confusion, and sometimes frustration, is figuring out who is responsible for repairs and maintenance. The answer can be found in the condo’s repair responsibility table, a document often part of the condo declaration. This table outlines whether the condo corporation or the unit owner is responsible for various types of repairs, ranging from basic upkeep to more complex maintenance tasks. In this post, we’ll explore wha
There are a few tools and useful items that everyone living in a condo / strata should have. From fixing minor plumbing leaks to hanging shelves and everything in between, we've handpicked the must-have items that will empower you to take charge of maintenance and repairs in your condo. We know that space can be an issue in some buildings, but we encourage you to get creative with utilizing all nooks, crannies and vertical spaces possible. Of course, for big and dangerous re