Good Governance vs. Litigation

Highlights the importance of good governance in preventing or minimizing legal battles within the condominium industry. The author emphasizes that good governance can help minimize conflicts between owners, residents, and condominium corporations, as well as mitigate the risk of litigation. The article discusses the roles of boards of directors and condominium managers in maintaining good governance. Boards of directors are advised to manage the corporation's affairs according to the Condominium Act, regulations, declarations, bylaws, and rules, while also proactively ensuring maintenance, repairs, and effective communication with owners. Condominium managers are guided by legislation such as the Condominium Management Services Act, 2015, regulations, management agreements, and company policies and procedures. The importance of thoroughly understanding these documents is stressed to prevent disputes and legal issues. The article also highlights the significance of proper record-keeping, clear communication, and timely documentation in preparing for potential legal matters and maintaining good governance practices in the industry.