Many are surprised to learn that given the high values of properties that are being managed throughout Ontario and budgets that regularly top millions of dollars a year per corporation that condo managers and management firms have never been subject to any mandatory qualifications or regulation.
Pesky, frustrating and not the kind of thing anyone wants to wake up to, bathroom mould is one of the most common problems condo and homeowners face.
The good news is, assuming it hasn’t gotten out of control, the mould is relatively easy to get rid of, and even easier to prevent – if you know what you’re doing.
Before you choose on renting the unit out yourself, or hiring a professional, such as a real estate agent, ensure the condominium’s rules and regulations will allow for a rental by speaking with the condominium property manager, as some condo’s may restrict the quantity of rentals allowed in a building.
The prospect of never having to shovel the driveway again, or cut the grass, empty the eaves or even repaint the front door does sound appealing to most, though condominium living is not for everyone.
It’s that time of year, when the snow starts to fall, you can see your breath in the cold winter air, and Christmas carols fill the radio stations and malls. Before you start to decorate your balcony with a string of your favourite sparkling lights, or cut down a tree, best to check your condominium bylaws, declarations and rules, and consult with your condominium property management company.
We continue to be a leader in the industry, by providing exemplary service to our customers, offering our employees unparalleled opportunities for personal and professional development, and to find new and innovative ways to maximize real estate values.
The importance of rules, especially in shared living environments such as condominium properties, is paramount to having all owners and residents residing in harmony. Or at the very least, ensuring that there is a minimum standard of responsibility and expectation for all to abide by.
So you have made the decision to purchase a condo, and beyond the traditional excitement and anxiety that comes with any major life change, there are some fundamental aspects that you must understand before signing on the bottom line, specifically the financial condition of the condo corporation, with regard to the reserve fund.
The transition that occurs when moving from a single family home, or even another condominium, can seem daunting, or even overwhelming. With so many rules and regulations, there is no quick and easy way to find the answers.
No one wants to think that a fire can happen in their condo property, however if it does being prepared for any situation can help save your life and your fellow neighbours lives.