Tag Archives: Toronto Star

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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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

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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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Limits need to be placed on Condo Directors

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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