Tag Archives: Condominium

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

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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

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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

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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

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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

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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

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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?

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Resigning from the Board isn’t the Best Option

Gerry Hyman has another article for the Toronto Star.  Let’s look at some of the questions raised: QUESTION:  What are my options other than resigning from the board in regard to racial slurs — which continue to be made at … Continue reading

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Racial Comments should be Dealt with Seriously

Gerry Hyman has another article for the Toronto Star.  Let’s look at the questions raised: QUESTION:  What are my options, other than resigning from the board, for me to deal with continued racial slurs at board meetings?

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Budget Should be Circulated to Owners

Gerry Hyman has another article for the Toronto Star.  Let’s discuss some of the questions raised: QUESTION:  When a board issues a budget to the owners for the upcoming year, would it be proper procedure to also send the owners … Continue reading

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