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Inflation Impacts Condo Budgeting

Author: 
Schlomo Sharon
Publication date:
April 21, 2022
Article Summary: 

Inflationary pressures are impacting common element fees in condominium corporations, leading to higher costs for materials, labour, and services. Boards and management companies must find ways to control expenses, such as renegotiating contracts, exploring energy-efficient options, and considering in-house maintenance. Adapting to this new reality requires attention to detail and competence in managing operating expenses effectively.

Keywords: 

Inflation, condominium budgeting, common element fees, reserve fund study, pandemic, labour shortage, cost control, contract negotiation, energy efficiency, in-house maintenance, operating expenses.




Source Citation: 
Schlomo Sharon
Inflation Impacts Condo Budgeting
April 21, 2022
https://issuu.com/riccardo11/docs/condo_april_2022_final_lr/s/15538595
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