A Reminder About Reserve Funds and Status Certificates
If a condominium corporation is aware of any circumstances that may result in an increase in the common expenses (that is, an increase beyond inflation), this must be disclosed in Paragraph 12 of the status certificates. Therefore, something may need to be mentioned in Paragraph 12 of the status certificates if it appears that contributions to the reserve fund may need to increase (beyond inflation). Read the article………….
The goal of any building’s maintenance processes should be preventative instead of reactive maintenance. The cost-savings in preventative maintenance can
We’ve had some exciting court decisions in the condominium field over the past year or so. Here are my Five
The Residential and Tenancies Act, 2006 is the legislation presently applying to landlords and tenants. It provides that “[a] provision