Search results for: common
Every Condo Board’s Guide to the Cost Proportions for their Corporation
Let’s talk cost proportions for your condo corporation’s expenses. The monthly common element fees (CEF) your condo board collects come with an obligation to your unit owners. Your job is to ensure you allot those funds properly to cover expenses and manage your reserve fund effectively. Here we offer a comprehensive guide to help you…
Read MoreWhat are the Core Responsibilities Involved in Managing A Condo Corporation vs. Administration?
The title “Condo Manager” can be misleading. While one condo corporation might hire a Condo Manager to oversee administrative duties, another might hire them to carry out duties that require a license. The Condominium Management Services Act defines the core responsibilities of a licensed Condo Manager. Here we compare the core responsibilities of a licensed…
Read MoreCondo Life Stages: What Makes Buildings Vulnerable at Each Life Stage
Condo buildings go through five life stages, each with its own vulnerabilities. Here, we look at what makes condo buildings vulnerable at each stage of the aging process to help you create a more predictive maintenance plan. Under a Year: The Pre-Natal Life Stage Feeling confident your reserve fund won’t be needed during the pre-natal…
Read MoreWhat’s a Healthy Reserve Fund?
Your condo reserve fund sets aside money for non-routine repairs and replacements. However, if your board isn’t careful, you can make critical errors that make it impossible to cover these necessary capital expenditures. As a result, your residents face the risk of special assessments. Here we look at what is considered a healthy reserve fund…
Read More3 Hidden Condo Damages Every Board Should Know About
Your building envelope is susceptible to direct and indirect damage. Direct damage is obvious and occurs to the building envelope itself. Indirect damage is hidden and results when direct damage is not addressed. As a result, indirect damage ends up costing your condo money as it is slow and progressive. Here, we look at three…
Read MoreHow Building Envelope Inspections Can Save Your Condo Board Money
Assessments play an essential role in preventive maintenance plans. You can take your assessments to the next level by including building envelope inspections to identify high-cost deficiencies. Here’s how building envelope inspections can save your condo board money. What Do Condo Building Envelope Inspections Involve? Building envelope inspections help find issues in your building envelope…
Read MoreWhy Your Condo Board Should Consult with a Building Envelope Expert Before Exterior Renos
Your condo’s building envelope includes the exterior walls, foundations, roof, windows, and doors. The envelope protects your interiors from the elements and is the main building component contributing to energy efficiency. Before you embark on exterior deep retrofits or upgrades, it makes sense to consult with a building envelope expert. Here’s why. Building Envelope Expertise…
Read MoreTop Condo Board Tips to Fairly and Effectively Manage Maintenance Requests and Repairs
Your condo board is constantly receiving maintenance and repair requests from condo owners. If you need help prioritizing requests, use our pro property management tips to help ensure you are fair, cost-effective, and responsive. Prioritize Amongst Unit Requests A common mistake condo boards make is not prioritizing work based on urgency. Prioritization always puts safety…
Read More4 Frequently Overlooked Details When Managing Shared Amenities In Condos
Effective management of shared amenities can often focus too much on cleaning and maintenance. Here we look at four frequently overlooked details when managing shared condo amenities. 1.Visitor Parking Visitor parking is often difficult to monitor due to the location. However, a comprehensive management plan helps ensure use aligns with your condo parking bylaws. Visitor…
Read MoreUnderstanding the Role of the Condo Board in Enforcing Rules and Bylaws
Condo boards ensure all residents and board members comply with the Condo Act and the condo’s governing documents. But what happens when residents break the rules? Here we look at the role of the condo board in enforcing condo rules and bylaws. What is the Difference Between Rules and Bylaws? Condo rules “promote the safety…
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