Condo Resources

Avoid Holiday Fires in Your Rental Property

The holiday season brings out the best in tenants and building owners alike, which is why it’s important to work together to reduce the risks of a holiday fire. Unfortunately, fires are more common this time of year, partly due to cooking holiday meals and décor choices.

How can you ensure your tenants stay safe? Here are our tips to avoid a holiday fire in your property.

Everything You Need to Know About Condo Reserve Funds

It is mandatory that your condominium collects reserve funds. How much should your director be collecting for the fund? Further, what can those funds be used for? We’ll discuss everything you need to know about condo reserve funds.

Preventing & Addressing Property Maintenance

From time to time, every property needs regular upkeep and repair. When important items are left unattended it'll begin to underperform and lose its functionality, leaving your tenants unhappy and dissatisfied. So how do you prevent maintenance problems in the first place?

Tenant Surveys: Why They’re Important

Property management can be a demanding and stressful field of work. Tenants have high expectations and a diverse array of wants and needs. Using tenant surveys is an extremely valuable property management tool to gain feedback and more accurately gauge the needs and wants of your tenants.

Are You Ready For 2018’s New Condo Rules?

From reflections of years past to new goals and ultimately, resolutions for improvement as we begin another New Year we are faced with change. The world of property management is certainly no exception, which is why the Condominium Authority of Ontario (CAO) has introduced new condo rules that have taken effect in 2018.

Condo Replacement Reserves: How to Budget Preventative Maintenance

Some people believe you should only fix a problem when there is one. But, this type of thinking often creates more difficulties and challenges when issues are compounded over time. It’s better to build up the motivation and be  proactive by investing in preventative maintenance for your condominium. Creating a budget for preventative maintenance will save your team time, money and stress in the long run.

Condo Directors: New Four-Step Training for Success

Property management is a growing and crucial field in Canada. Ensuring that property management is done well is critical to keeping residents happy, not to mention in helping property owners improve bottom lines and achieve greater financial success. With home prices escalating across metropolitan areas, trends have shown that increased numbers of people are moving into condominiums (including families), which raises the need for strong property management at these locations.

What is Involved in Becoming a Board Member?

Many people want to know what is involved in becoming a board member for their condo or homeowners association. It is a role that often goes without much appreciation, but it can greatly influence the quality of life of people in the community.

Condominium Legislation Changes This Fall

Condo owners in Ontario prepare yourselves, because change is on its way. Beginning this fall, condo owners and corporations can expect greater confidence and security in their investment when new rules take effect. Currently, condo owners and corporations have to go through legal courts or hire a mediator in order to pursue property issues – from keeping pets in the building to corporate record access. The need for change and improvement with current legislation becomes inevitable with an ever growing number of condo residents,  condo units and condo corporations in the province. The current resolution process has become expensive for many residents and overly saturated causing it to be ineffective.

An Airbnb recent court decision provides significant power for condominium boards in dealing with short term rentals

In a case that was released on December 8, 2016, Ontario Superior Court Justice Robert Beaudoin found that Airbnb operators were essentially running a business out of their residential dwellings in contradiction of the framework of rules set up in most condominiums. 

Geothermal Systems – More than a cool innovation

Geothermal - More than a cool innovation. 

Geothermal systems, otherwise known as geo-exchange or earth energy systems, provide consistent heating and cooling year round, by tapping into the earth’s nearly constant temperatures which are found just below the frost line.

Geothermal systems have only been around in Canada for about 60 years. Credit goes in large part to Professor Frank Hopper of the University of Toronto who first brought this system to the main stage. Find out more about how Geothermal Systems work and how they can benefit your condominium.

I’m a director for a new condo. What do I need to know?

I’m a director for a new condo. What do I need to know?

Being a director for a recently registered condominium is hard work, but it can be very rewarding. The first year or so after registration the directors will be very busy and face many challenges.

In addition to their ordinary duties (i.e. to manage the affairs of the condominium and ensure the owners comply with the Act and the condominium’s documents), the directors for a new condominium should pay special attention to a few key areas.

Sorry, that's not allowed

Whether you are new to condominium living, or have been a long term resident in a townhouse or high rise, you will have likely heard these four dreaded words from your condominium property manager: “Sorry, that’s not allowed.” There are benefits to be had, but there are also compromises to be made with living in a condominium. 

Protecting Condominium Owners Act – Condo Manager Licencing

This marks the last excerpt from the Ontario Governments web-site publications on this new act and what it means. In this last segment, property managers and licensing. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – How Condos are run

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. In this segment, how condo's are run. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Insurance, 1st year budget and investments

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Insurance, 1st year budget and investments. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Reserve Funds

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Reserve Funds. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Status Certificates, Noise, Notices and Operating Budgets

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment features topics such as Certificates, Noise, Notices and Operating Budgets. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act - An outline of the changes to Ontario’s condo laws

As the industry embarks on an exciting new journey with the introduction of Bill 106, Central Erin Property Management is pleased to be part of this of this process, which includes education. We will be sharing excerpts from the Ontario Governments web-site publications in the next series of blog articles, on this new act and what it means. To read the entire article, please click on the link at the bottom of this article.