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Considerations on the Proposed “Condo Guide"
Author:
Andrea Lusk, Bob Gardiner, An Nguyen & Tony Bui
Publication date:
August 7, 2020
Article Summary:
This blog post discusses the proposed "Condo Guide" set to come into effect on December 1, 2020, with submissions from the public due by August 14, 2020. The post provides suggestions for additional topics to be included in the guide, such as status certificate and pre-construction purchases, first-year deficiency and funding issues, and conversion condominiums. The post also offers considerations for condo buyers, such as reading the declaration, by-laws, and rules carefully, checking description plans, understanding adjustments, and being aware of potential underfunded reserve fund contributions.
Keywords:
Condo Guide, submissions, public, status certificate, pre-construction purchases, first-year deficiency, funding issues, conversion condominiums, declaration, by-laws, rules, description plans, adjustments, reserve fund contributions, property manager, board of directors, difficult decisions, Tarion's warranties.
Source Citation:
Andrea Lusk, Bob Gardiner, An Nguyen & Tony Bui
Considerations on the Proposed “Condo Guide"
August 7, 2020
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