A reserve fund is a condo’s piggy bank but does not exist for use on any given “rainy day”. There are restrictions surrounding the type of expenses a reserve fund can be used for, along with best practices to keep in mind to make sure that yours is adequately funded.
Resources and information designed for condominium owners and those considering the purchase of a condominium.
Perhaps the greatest challenge in the condominium dynamic is trying to balance what is best for the community overall against individual interests. A condo mediator (Marc Bhalla) provides some tips and strategies for striking this balance.
The first of CCI’s 12 part video series features host Murray Johnson as he talks about the series which is designed to educate people who are considering buying into the condominium lifestyle for the first time, as well as to inform them about moving in and understanding who is who and which obligations will fall […]
Condo life is not free of issues or concerns. Bill Thompson, the President of CCI (National), joins our host Murray Johnson to review where you can go for help when issues emerge in your newly constructed condominium community.
Finances are undoubtedly an important aspect of any condominium community. Unfortunately, they can also be difficult to understand. Brian Antman joins host Murray Johnson for the fifth episode of our video series to help us understand condo finances.
We often hear that Status Certificates are important but they can appear to be presented in another language. For the 4th episode in our 12 part video series, lawyer Armand Conant joins host Murray Johnson to speak about interpreting the Status Certificate.
Every condominium unit owner should be aware of their role, their rights and their responsibilities. In the third installment of our twelve part video series, Bill Thompson speaks to the role, rights and responsibilities of the unit owners of a condominium.
Condominium lawyer Maria Durdan reviews what happens when a unit owner does not pay their common expenses and the lien rights of condominium corporations.
The Canadian Condominium Institute – Newfoundland Labrador Chapter (CCI)
Given that as much as 25% of household energy costs are for water heating, it makes sense to evaluate various types of water heating systems with an eye toward saving both energy and money. Here we take a look at some of the options currently available for homeowners to consider. Storage Water Heaters These are […]
Household allergens can cause a variety of symptoms in many people, including sneezing, watery eyes, coughing, and shortness of breath. Allergens may also be a contributing cause of asthma, especially in children. However, it is possible to minimize the effects of such allergens by taking steps to control their presence and dispersal in the home. […]
There are many things to consider if you are thinking of purchasing a condominium. Everything from your lifestyle, age, hobbies, income, all can play a part in your decision. If you are 35 years old, are a spouse and the parent of two young children, own a dog, two cars, and a Recreational Vehicle, then […]
The Pros: Convenience One of the main reasons people choose condominium living is for the convenience. There is no snow clearing or lawn care or upkeep that the individual unit owner has to worry about. All of that is taken care of by the Board of Directors and Management Company who take care of day […]
When you own a typical condominium you own your own unit, plus you share in the ownership of the common areas that make up the entire Condominium Corporation such as the corridors, common rooms, roof, windows, doors, parking lot and grounds. You also share in the expense of the upkeep of those common areas and […]