Tag Archives: Toronto Star

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 →

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

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 →

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

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 →

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

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 →

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

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 →

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

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 →

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