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Category Archives: Condominiums
Expansion of Condominium Authority Tribunal’s Powers in Ontario
The Condominium Authority of Ontario (CAO) has announced that starting today, October 1st 2020, that the Condominium Authority Tribunal (CAT) can now hear cases revolving more than just issues relating to condominium records. The Tribunal can now hear cases dealing … Continue reading
Special Assessments are not the only Option for Reserve Fund Repairs
Gerry Hyman has a new article for the Toronto Star today. In his article he speaks about a condominium that has put in place a Special Assessment in the tune of $51,000 per unit to be paid for over four … Continue reading
Surpluses Can Occur in Condominiums
Gerry Hyman has another article for the Toronto Star, Let’s look at the questions: QUESTION: Our board admitted that the corporation overcharged the owners $40,000 in their common expense contributions. The board advised that it has made up for the … Continue reading
Condominium President is only One Person
Gerry Hyman has another article for the Toronto Star. Let’s discuss two of the questions raised: QUESTION: Owners of 12 of the 32 units in our condominium requested — in writing — that there be a meeting to discuss the … Continue reading
Condominiums Funding comes from Owners
Gerry Hyman has another article for the Toronto Star. Let’s discuss the questions raised: QUESTION: When I purchased my unit in a highrise condominium, there was a special assessment for the replacement of the condo windows. Are the windows not … Continue reading
Second Opinion on Reserve Funds
Gerry Hyman has another article for the Toronto Star. Let’s discuss some of the questions: QUESTION: Our board has received a reserve fund study which, if implemented, will bankrupt our corporation. We directors believe that the numbers in the study … Continue reading
Limits need to be placed on Condo Directors
Gerry Hyman has another article for the Toronto Star. Let’s look at some of the questions: QUESTION: The president of our corporation is also the vice-president. secretary and treasurer. He is impossible to work with and is making poor decisions. … Continue reading
Condominium Directors Need to Address Conflicts of Interest
Gerry Hyman has another article for The Toronto Star. Let’s look at the questions raised: QUESTION: Our board wants to move our energy services from Toronto Hydro to another energy company that provides services to our building. The president of … Continue reading
Professional Property Management Services are Well Advised
Gerry Hyman has another article for the Toronto Star. Let’s discuss the questions raised: QUESTION: Is it legal for a small condominium of 24 units not to have a condominium manager? ANSWER: Yes. A condominium corporation of any size may … Continue reading
Board Required to Produce Funding Plan for Reserve Fund
Gerry Hyman has another article for the Toronto Star. Let’s discuss the questions: QUESTION: Is it illegal for the board to budget less for contributions to the reserve fund than the amounts specified in the reserve fund study?
Posted in Condominiums
Tagged Condominium, Condominium Act, Condominium Community, Gerry Hyman, Ontario Condominium Act
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