reserve fund

Condo Board Meeting

CondoBusiness

Exploring the psychology of reserve fund planning

There's a psychology to reserve fund planning. It's a mindset I've seen take shape within the condo management community throughout the decades and an approach to proactive funding that will pose risks to our built environment that are better addressed now than later.
special assessment

REMI Network

Avoiding a special assessment nightmare

A condo in Toronto recently made the news after levying a $14-million special assessment. Owners were given 15 days to pay for repairs. How can other corporations avoid this predicament?
condo collapse

CondoBusiness

Could a Florida condo collapse happen in Ontario?

How would this scenario unfold in Ontario? Leaving aside the construction process itself, there are vast differences between Ontario and Florida condominium laws that would have given the Champlain towers significant added protections following registration.
electrical system

CondoBusiness

Manager’s guide to electrical system maintenance

To plan for electrical system maintenance, it's helpful to understand how power is delivered to and distributed around the building.