Tag Archives: Gerry Hyman

Special Assessments are not the only Option for Reserve Fund Repairs

Posted on February 22, 2020 by Edward Brain

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

Posted on January 25, 2020 by Edward Brain

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

Posted on January 11, 2020 by Edward Brain

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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Condominiums Funding comes from Owners

Posted on December 28, 2019 by Edward Brain

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 →

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Second Opinion on Reserve Funds

Posted on September 22, 2019 by Edward Brain

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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Limits need to be placed on Condo Directors

Posted on September 8, 2019 by Edward Brain

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 →

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Condominium Directors Need to Address Conflicts of Interest

Posted on August 10, 2019 by Edward Brain

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

Posted on July 28, 2019 by Edward Brain

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

Posted on June 29, 2019 by Edward Brain

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

Posted on June 15, 2019 by Edward Brain

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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