CondoBusiness - Risk Management
REMI

Risk Management

communication

Condo communication missteps under scrutiny

In a series of recent legal cases, condo boards, unit owners and property managers have been grappling not only with disputes but the complex nuances of communication.
AI policies

AI policies guide appropriate use

Without guidelines, AI can expose confidential data, weaken a brand, or produce results that mislead owners, residents, clients, or partners.
short-term-rentals

Short-term rentals: what to know in 2025

Failing to regulate short-term rentals within the building may lead to increased conflict with local bylaws, heightened insurance risk, and strain on community resources.
status certificate

Status certificates 101

One of the most important documents in a condo transaction is the status certificate—and its price may be set for a sharp increase.
performance audit

Performance audits: what new condo board members need to know

When condo owners join the board of a newly registered condominium project, they’ll often face a lot of new processes and terminology that they’re not familiar with. One of the most significant is a performance audit.
Illegal drug activity could ensnare landlords

Illegal drug activity could ensnare landlords

Proposed Ontario legislation targets landlords who knowingly permit or possess proceeds from the production or trafficking of controlled substances within premises they control.
gardening

Risk management tips for gardening committees

Condo corporations are often seeking innovative ways to enhance the aesthetic appeal of their properties and foster community engagement.
Condo

Condo corporations brace for increased costs

Many condo corporations have already seen much higher prices for capital projects. How will the trade war create further impacts?
retaining staff

Tips for retaining condo staff and avoiding turnover

A high turnover rate disrupts the belonging that residents strive to foster, incurs unnecessary costs associated with recruitment and training, and may be an indication of a culture gone wrong.
owners

How to avoid ambushing owners with difficult news

An all-too-common occurrence at owners’ meetings is the surprise residents feel when financial shortfalls for major capital repair projects are up for discussion. Some would
shared facilities

The pitfalls of shared facilities agreements

A shared facility agreement is often a quagmire of legal mumbo jumbo that is next to impossible to interpret.
aging

Anticipating the needs of aging condo communities

New updates to the OBC, which come into effect January 1, 2025, do little to address accessibility. How can existing condos prioritize inclusion when planning for renovations?
employment

Five reasons to review employment contracts

Outdated employment contracts expose condo corporations to financial and legal risks they could otherwise avoid.
water leaks

Managing water leaks 101

The causes of water leaks are often related to materials, installation, maintenance and operational issues.
Short-term rental registry stuck in manual

Short-term rental registry stuck in manual

Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.
security

Legal case puts spotlight on condo security

In a recent case, a condominium found itself at the centre of a significant security challenge posed by a resident.
flood

Helping condos stay afloat during a flood

The immense flooding that occurred recently across the GTA led to massive evacuations and widespread power outages and is just one example of the increasing severity of natural disasters.