Aggregating the real estate of condominium commentary, opinion, tragedy and truth being told to the public. Buy into the author’s thought or sell your own. For legal advice, consult a professional condominium lawyer.
Many of the more than half of all Torontonians residing in condominiums are new to condo living. Here are some of the more common mistakes made by newbies. Source: Toronto Condo News
I have been receiving many questions and complaints about the Board of Directors (the “Board”) of a number of condo corporations. The Board appears to be one of the most misunderstood entities and frankly when buying either a new or a resale condominium you need to understand the nature and powers of the Board, as it is the Board that will set the pattern, standards and rhythms of your condominium. Source: Jayson Schwarz LLM, Schwarz Law LLP
Conflict is an inescapable part of life, and it will occur in our role as Condominium Managers more often than many of us would like. Being proficient in conflict management is therefore an essential skill for any Condominium Manager to possess. Source: Craig McMillan, RCM, ACCI, CMCA, CAPM, Maple Ridge Community Management, ACMO
Once a fire alarm in a condominium is determined to be a false alarm, residents are likely to feel relief. After all, there is no real danger. However, for condo managers, a false fire alarm results in a slew of new issues. What happens when a fire alarm goes off at a condominium when no smoke or fire is present? Source: Kavita Sabharwal-Chomiuk, MediaEdge Communications Inc.
A recent case provides a warning to owners leasing their units. Briefly, the facts are as follows. A unit owner leased her unit to a tenant. The tenant “did not live harmoniously with his neighbours” and was in constant conflict with management. He sued the condominium for over $5,000,000. Source: Michelle Kelly, Robson Carpenter LLP
A debate between the City of Toronto and those who oppose its tighter rules on short-term rentals began this week.
The City says that the proliferation of rentals through Airbnb and similar services has made Toronto’s housing crisis “significantly” worse and passed rules in 2018 to tackle the issue. Source: Steve Randall, Key Media Pty Ltd