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Tag Archives: Ontario Condominium Act
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
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
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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Owners can Remove Directors not Officers
Gerry Hyman has another article for the Toronto Star. Let’s discuss some of the questions raised: QUESTION: We are wondering if the condominium unit owners have the right to vote for the removal of the president of the board? The … Continue reading
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
Posted in Condominiums
Tagged Board of Directors, Budget, Condominium, Condominium Act, Minutes, Ontario Condominium Act
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Board Minutes Should be Vetted
Gerry Hyman has another article for the Toronto Star. I want to discuss two of the questions raised: QUESTION: Our board posts minutes of directors meetings on a publicly viewed bulletin board. At a recent meeting, the board discussed our … Continue reading
Condominiums Required to Maintain Common Elements
Gerry Hyman has another article for the Toronto Star. Let’s discuss two of the questions: QUESTION: We own a unit in a large, old condominium. We have had little or no heat, or hot water, for a long time and … Continue reading
Edward Brain's Blog 