What is the Condo Board Treasurer Responsible For?Success of a homeowners association lies in the hands of the board of directors. Strong boards of directors carry out proper planning and execute those plans on a timely basis to ensure well-being of the home owners and residents in a condo. The management of finances of the …
Condominium Special AssessmentsThe most hated words discussed by Boards or Condominium Managers. The ugly truth is that Special Assessments are becoming more and more common. An Special Assessment can be assessed for either Operating or Reserve Fund expenses. The Condominium Property Act of Alberta mandates that the Board is responsible for assessing fees to run …
Most Effective Communication Options For CondominiumsCondo communication, phone, email, sms, text messagingEffective condo communication is the key to success when it comes to running condo boards. A condominium comprises of three major types of members; firstly, there are the owners who live in the condo, then there are those owners who are absent as they …
Homeowners associations are organizations that enforce rules and regulations in a planned community or condominium with the aim of ensuring that the value of the property remains high. They charge certain amounts of fees for the upkeep of common areas such as elevators, swimming pools, tennis courts, parks, and the like. Properly managed condominium associations …
Condo NewslettersCirculating a condo newsletter provides an excellent means of distributing latest information regarding the activities of a homeowners association. Whether it is published online on your HOA website, or distributed among the owners and residents in the form of printed copies – it offers a great way to keep members on the same frequency …
Condo Board and Strata Council Meeting Minutes – What you need to includeHand writing condo meeting minutesMinutes created during a Condo or Strata Meeting are one of the most important documents for condominium associations as these condo board minutes are an official record of actions taken at a meeting. Well written notes can be very …
How can a Condominium Board borrow money for Special AssessmentsThe purpose of this article is to provide a basic overview of how Condo Corps can use powers granted to them to borrow funds on behalf of the owners. The article will give as much info as can be packed into it but will not be …
What are these monthly condo, strata, or HOA fees?Buying into a condo, strata, co-op, or homeowners association means you are accepting certain changes to your lifestyle. Since these communities have a different social setting, you will have to ensure that the lifestyle suits you. Apart from social commitment, you will also have to consider cost …
What Is The Role of The Condo Board and Strata Council?Strata Councils and Condominium Boards play an important role in keeping the strata and condo community organized and harmonized. They are responsible for management and decision-making on a daily basis. Issues tend to come up on an everyday basis and board or council meetings are …
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