Steven Peros
Property Management Trends for the New Year

At this point in the year, it’s likely that you’ve prepared your property or even multiple properties for the winter. As seasoned property managers know, taking preventative measures doesn’t stop when the first snow hits. Regardless of how much time and effort you put into keeping your property in good condition throughout the milder season, there’s always more to do to protect it in the cold months. 

Property Management Trends for the New Year
Steven Peros
Important Winter Maintenance Tips for Property ...

At this point in the year, it’s likely that you’ve prepared your property or even multiple properties for the winter. As seasoned property managers know, taking preventative measures doesn’t stop when the first snow hits. Regardless of how much time and effort you put into keeping your property in good condition throughout the milder season, there’s always more to do to protect it in the cold months. 

Important Winter Maintenance Tips for Property Managers
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Bill 106 - Holding AGM's

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If Bill 106 is adopted as drafted, Corporations would be required to undertake specific, time sensitive milestones, and can rely on changes to help complete their AGMs, a task that has been difficult for some Corporations in meeting quorum.

Can a Condo’s Declaration Prohibit Short-term Rentals to Unrelated Students?

With the rise of condominium ownership in Ontario, many owners seek ways to maximize the income earning potential of their units by renting them out.  Many have taken liberty in the nomenclature of the Corporation’s Declaration, to include rentals to students.

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Employers Must Display Employment Standard Information

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Employers Must Display Employment Standard Information

Many condominiums have employees, such as superintendents or cleaning staff. In order that all employers understand their obligations under the Employment Standards Act, 2000, (ESA) and as important, that employees know their rights, all workspaces must conspicuously post an Employment Standards Poster.

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Does a condo renter have more rights than an condo owner when it comes to pets?

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The Residential and Tenancies Act, 2006 (RTA) is the governing legislation that applies to landlords and tenants in the province of Ontario.  It provides that “[a] provision in a tenancy agreement prohibiting the presence of animals in or about the residential complex is void.”, while at the same time, a landlord cannot prevent a tenant from having a pet.  Condominium Boards that find a tenant’s pet to be a nuisance can have that pet evicted.

Condo Insurance – What Is Covered?

Understanding how condominium insurance coverage is set-up, and how owners and boards can reduce risk, is the best protection in order to keep the corporation’s insurance record healthier.  Condominium corporations can also protect themselves by adopting a standard unit by-law and/or an insurance deductible by-law.

PDI – Pre Delivery Inspection For Your Condo Property

If you have ever purchased a new condominium or are about to embark on this journey, it is mandatory to conduct a pre-delivery inspection (“PDI”). PDIs are governed by the Ontario New Home Warranties Plan Act, which is administered and managed by Tarion. Each builder must conduct a PDI with the purchaser of a new home whether it be a house or a condominium unit.

Can my Condominium send the AGM Package by Email?

The industry has long held that delivery of any documents relating to the corporation, must be in the form specified by the owner, and in compliance with the Act. Translated, a hard copy, mailed to the registered owner at the unit address, unless the owner has provided an alternate mailing address.

What are the common causes of toilet problems?

When it comes to the common causes of toilet repair problems—there are a few worst offenders. These menacing toilet-clogging, bathroom-leaking, noisy issues prey on the vulnerability of your bathroom’s highest-traffic area, your toilet—an element that literally gets sat on multiple times a day.

 

Banish Condo Bathroom Mould For Good!

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.

3 Considerations when renovating your bathroom space.

Upgraded bathrooms tend to hold their value especially well. Condo buyers are searching for that new and durable appeal within their property’s bathroom space and sellers can help maximize their returns with quality renovation work. However, renovating your condo can be more involved than you may think.

Does the perfect tenant exist?

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.

Five Easy Ways to Enhance Your Condo Security

Typically, security is a topic that only gets attention and consideration after an event has taken place. A strong understanding of the potential risks, before they occur is a key element in developing a professional property management system that focusing on prevention over reaction. 

Ways to live a happier life – Condo Living

These days, the word “downsizing” brings to mind tough economic times and layoffs.

But when it comes to your life, downsizing can actually make you happy! By making the move to a condo property, typically there is a sizable reduction in your livable space.