Sentences with phrase «condo owners corporation»

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Matheson says many corporations are increasing their insurance deductibles, meaning the condo owners» liability also increases.

Most buildings bill the owners to cover the condo corporation's insurance deductible on a large claim, but many Canadian condo owners don't realize they will be responsible for these costs.

«A condominium corporation's insurance will cover the building and the common elements, like elevators or front lobby, but the condo owner must insure their own unit, personal items and protect themselves against liability if they are responsible for damage caused to a neighbour's unit.»

The biggest trend currently observed in Alberta and Edmonton is that the condo corporations / builders move more responsibility to individual unit owners.

The Status Certificate will provide a full look at the condo corporation's financial affairs and rules that owners need to know.

The biggest trends currently observed in Alberta and Calgary are that the condo corporations are shifting more responsibility to individual unit owners.

The biggest trend currently observed is that the condo corporations / builders move more responsibility to individual unit owners.

The main difference is that there are two components of insurance protection for a condo: (1) a commercial condo policy purchased by the condo corporation; and, (2) a personal condo insurance purchased by unit owners.

Condo insurance can be more complicated if a claim involves the unit owner and the condo corporation.

The information comes from the August 2014 Canada Mortgage and Housing Corporation study «Toronto / Vancouver Condominium Owner's Report» — a survey of just under 42,500 condo - households located in Canada's two largest cities.

In an announcement this morning, Ontario's Minister of Government and Consumer Affairs, David Orazietti, introduced new legislation that would increase protections for condominium owners in Ontario, improve how condo corporations are run and ensure that condo boards are governed professionally.

For condos, policies also cover unit owner improvements and some assessments made against you by the condo corporation.

«This is a typical battle of the proxies, and they happen regularly,» says Rodrigue Escayola of Gowling WLG, who has represented condo corporations, directors, owners and property managers but was not involved in this case.

With the increase in «sharing» websites that enable condo owners to rent out their units for short - term stays, many condominium corporations are deali...

Electronic service of notices and information certificates can help condo corporations manage the cost of the increasing number of communications to owners and promote green initiatives.

Often, problems with owners that do not comply with the condominium documents or the legislation arise because owners are not aware of their obligations or do not fully understand what is the unit owner's responsibility and what is the responsibility of the condo corporation.

In a recent case, Washington v. Y.C.C. No. 441, a commercial condo unit owner successfully sued the condominium corporation after the corporation registered a lien against his unit for repair costs related to clearing a blockage in the plumbing system.

In a recent Small Claims Court decision, MTCC No. 659 v. Truman, the Court considered whether a condo corporation could charge an owner for disproportionate and excessive use of water in the owner's unit.

As part of the many changes implemented through the Protecting Condominium Owners Act, the province has developed mandatory forms aimed at streamlining how condo corporations conduct their affairs.

Most condo corporations have rules that state that pets are not permitted to soil on the Corporation's property and owners must clean up after t...

In a recent case, Carleton Condominium Corporation 116 v. Sennek, the Court of Appeal for Ontario agreed with a lower court's decision that declared a condo unit owner to be a vexatious litigant.

The trial judge had ordered that the amount held by the Corporation's solicitors in trust be paid to the Corporation to be applied to common expense arrears and the group of owners was required to pay condo fees going forward.

The condo corporation was successful against the defaulting owner.

It is not an option for CAO, a creature funded by condo unit owners, to remain silent or on the sidelines while government rolls out regulations that profoundly impact the operations and budgets of every condominium corporation.

When the condo corporation insures the structure, a condo unit owner policy is normally written to cover:

Condo Corporation — A condo owners master policy can insure all the building and common elements under a single package policy.

For condo owners, all - risk home insurance can also cover improvements you have made to your unit that are not covered by your condo corporation's insurance.

As a condo owner, the original structure of your unit is covered by the condominium corporation's insurance.

Condo corporations can also make assessments against unit owners if there is a shortfall in the commercial condo policy.

The biggest trends currently observed in Alberta and Calgary are that the condo corporations are shifting more responsibility to individual unit owners.

In these cases, the condo corporation can make assessments against individual unit owners.

The biggest trend currently observed is that the condo corporations / builders move more responsibility to individual unit owners.

The biggest trend currently observed in Alberta and Edmonton is that the condo corporations / builders move more responsibility to individual unit owners.

For condos, policies also cover unit owner improvements and some assessments made against you by the condo corporation.

The main difference is that there are two components of insurance protection for a condo: (1) a commercial condo policy purchased by the condo corporation; and, (2) a personal condo insurance purchased by unit owners.

KeyHighlight: • Successfully served as owners representative and administration of the corporation's pre-construction projects (Breeze on the River — 91 units residential condo — $ 32,000,000; Coral Palace — 10 story multi-use building — 72,700 sq. ft. net area, Delia Plaza outparcel - Commercebank — 2 story office building — 5,700 sq. ft.; Niki's Place — 6 residential units worth $ 10M.

He offers training and seminars and acts as a court - appointed administrator in extreme cases to settle disputes between condo owners and their boards and to get condo corporations back on track.

Even where the court - ordered remedy falls short of forcing the owner to sell and move out, courts will frequently force the owner to pay for any remediation or clean - up costs arising from his misconduct, and may even require payment of the legal costs incurred by the condo corporation to bring the matter before the courts in the first place.

An owner of a condominium unit may feel secure in the knowledge that he owns title to his little piece of the building and can do as he wishes, subject to certain reasonable rules and general constraints on use and behaviour that apply to all owners, and which are found in the condo corporation's governing documentation (the declaration, bylaws and rules).

Despite repeated warnings from the condo corporation (which were wholly ignored), as well as prior court orders (which were deliberately and wilfully disobeyed), the owners continued to sell beer from within their unit to outside parties.

The amendments include the creation of a condominium tribunal to reduce the time and costs associated with dispute resolution between condo owners and corporations.

Starting this fall, new rules will make it easier for condo owners to participate in owners» meetings and will make it easier for them to access records of their condo corporation.

A new survey of nearly 42,000 local condo owners in Toronto and Vancouver by Canada Mortgage and Housing Corporation found that 52.6 per cent of investors were planning to hold their units for at least five years, down from 58.4 per cent last year.