In the beginning was The Condominium Act, 1998. A social contract for buying into quality housing and carefree living. Pay your money and someone else will do all the work is one way to look at it … but wait a minute.
Second came The Declaration describing usage of the building and land. Over time, may need to be changed.
Third came The Bylaws and The Rules made up by volunteer owners called Directors telling owners how they are to act in, on and around the building and land. A task mightier than building championship teams of MLB Toronto Blue Jays, NHL Toronto Maple Leafs and NBA Toronto Raptors all in one year. Another level of governance linked into the chain of Federal, Provincial and Municipal oversight now paid for by the owners . Volunteers require guidance? By whom?
Fourth came The Owners who may or may not have, on their own recognizance or on the advice of their real estate agent and/or lawyer, read over the documentation of the Declaration, the Bylaws, the Rules and the Status Certificate before buying a property which may not be suited to their expected lifestyle or rental investment goals and forgot it all in 48 hours or less. Imagine the attitudes and behaviour of owners because they are the boss, right? “I own this place!”. Seems the emotion of buying and owning a piece of residential apartment housing or a townhouse rather than renting is like winning the 649 Lottery grand prize. Until reality comes for a visit … an owner thinks about becoming a volunteer Director on the corporation Board. Then thinks ostrich style.
Finally comes The Property Management Company to look after the physical building and land; enforce all the federal, provincial and municipal laws, regulations and owner made rules with the owners and tenants. STOP and picture yourself as a property manager with 50 or more owner bosses telling you how to run the corporation better to suit themselves individually yet can’t agree on whether or not to wear a mask in the current pandemic. What would you do? Laugh, cry or … ? Some residents try to understand and respect what their unique condominium culture is while others can not, do not or will not. Property managers require guidance? By whom?
What kind of social contract is this? Is the legal profession a good career choice? If the ancient Gods are not laughing yet, they have no sense of humour.
People only act for self-serving reasons, no matter what they say or you think.
While looking like an ostrich with it’s head buried in the sand, have our owner pants been pulled down for deeper penetration later?
Join me on the journey of attitudes and behaviour to find out how the condominium game is progressing.
How to Use the Ontario Condominium Culture Site
Welcome to my condo home library, the Condorary.
All posts documenting Ontario condominium culture are placed in one of four clickable categories:
1) Ontario Condominium Real Estate Governance – where questions about provincial government who, how, what and when are looked at. The why is what you answer for yourself.
2) Ontario Condominium Real Estate Law Practices – a roundtable of information from real estate lawyers about current issues various high-rise or townhouse communities are facing.
3) Ontario Condominium Real Estate Life – focusing on property management and owner or tenant education for those who are looking for answers to any questions they may have.
4) Ontario Condominium Real Estate Data – statistics and commentary on your property’s financial health. Essential if you want to list your condo for sale or for rent.
Like to take a chance? Click on the Blog link at the top of the page and let’s see what happens.