How to Calculate the First Year Budget Deficit

Unfortunately, many budget statements are grossly inadequate, which leads to significant deficits in the first year and sharp increases in fees in subsequent years. The fees are kept unreasonably low and/or expenses are estimated at unrealistic amounts to make it seem like a better purchase than it really is. Luckily for condominiums and owners, there is a remedy available to them.   Read the article……………


Related Articles

Owner’s Refusal to Co-Operate With Fireplace Maintenance Requirements – An Expensive Lesson (ON)

In the compliance proceeding case MTCC No. 634 v. Adamo, a condominium corporation had asked that fireplace maintenance be completed;

Enforcement of Payment Obligations (ON) (Bill 106)

As discussed in a previous blog entry here, Bill 106 proposes to establish a more balanced playing field between condominium

More about the proposed new Condominium Authority Tribunal

As we have discussed in previous entries (see here and here), Bill 106 proposes to create a non-profit and self-financed