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Rental Condominiums and Compliance with the Condominium Management Services Act
Author:
ACMO
Publication date:
February 22, 2022
Article Summary:
The blog discusses the impact of the Condominium Management Services Act (CMSA) on rental condominiums in Ontario. It highlights the obligations of rental condominium corporations to comply with the CMSA and maintain an effective working relationship with their property managers. The blog also emphasizes the need for rental condominium corporations to ensure that their property managers are licensed by the Condominium Management Regulatory Authority of Ontario (CMRAO) and comply with the code of ethics and standards of practice. Additionally, the blog advises rental condominium corporations to implement proper governance and risk management practices to minimize their legal and financial liabilities.
Keywords:
CMSA, rental condominiums, property managers, compliance, CMRAO, code of ethics, governance, risk management, legal liabilities, financial liabilities.
Source Citation:
ACMO
Rental Condominiums and Compliance with the Condominium Management Services Act
February 22, 2022
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