Tag Archives: reserve fund

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

Posted in Condominiums | Tagged , , , , , , , , , , | Leave a comment

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?

Posted in Condominiums | Tagged , , , , , , , | Leave a comment

Proxies need to be Curtailed in Condominiums

Gerry Hyman has another article for the Toronto Star.  Let’s discuss some of the questions: QUESTION:We attempted using proxies to get enough votes to remove our condominium’s directors. But they fell a bit short, Now the board has introduced a … Continue reading

Posted in Condominiums | Tagged , , , , , , , | Leave a comment

Boards can Always get Second Opinion

Gerry Hyman has another article for the Toronto Star.  Let’s discuss some of the questions raised: QUESTION:  Is the board of directors obligated to accept the conclusions of a Reserve Fund Study? ANSWER:  The board, within 15 days of receiving … Continue reading

Posted in Condominiums | Tagged , , , , , , , | Leave a comment

Condominium Owners Protest Raises Questions

The CBC has an interesting article on-line: Etobicoke condo owners demand ‘justice’ after fee increase I want to discuss this issue as it raises some questions. Firstly, the article does not state why an Administrator was called in in the first … Continue reading

Posted in Condominiums | Tagged , , , , , | 1 Comment

Is Charging for Wood Flooring Reasonable?

Gerry Hyman has written another article for the Toronto Star.  Let’s look at some of the questions raised: QUESTION:  Is our board entitled to pass a rule requiring a $300, non-refundable payment in order for an owner to install wood … Continue reading

Posted in Condominiums | Tagged , , , , , , | Leave a comment