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'Condos are much more than legal entities. They are self-governing communities with its own elected governments (boards of directors). Indeed, the condo sector is often referred to these days as "the fourth order of government," after municipalities, the provinces and the federal government.'
'Condos are much more than legal entities. They are self-governing communities with its own elected governments (boards of directors). Indeed, the condo sector is often referred to these days as "the fourth order of government," after municipalities, the provinces and the federal government.'
-- Canada's Public Policy Forum
The report's far reaching 112 recommendations
The report's far reaching 112 recommendations
Condo act Stage 2 Solutions Report.pdfRecommendations
Protecting Condo Owners Act.pdfHighlights
Highlights
"The review process has provided ample evidence that many condo owners feel detached from their boards and building managers. Owners have said that they know too little about how or why decisions are made and executed, and they have called for improved transparency and accountability."
"The review process has provided ample evidence that many condo owners feel detached from their boards and building managers. Owners have said that they know too little about how or why decisions are made and executed, and they have called for improved transparency and accountability."
"We have sought throughout the review to promote a collaborative process, where parties try to find shared interests and build on them."
"We have sought throughout the review to promote a collaborative process, where parties try to find shared interests and build on them."
"A two-stage licensing program should be put in place to ensure that condo managers across the province are properly trained and qualified."
"A two-stage licensing program should be put in place to ensure that condo managers across the province are properly trained and qualified."
"Boards should in future compile two budgets: an operating budget and a reserve fund budget."
"Boards should in future compile two budgets: an operating budget and a reserve fund budget."
"Clear requirements should be put in place to ensure that corporate records are easily accessible."
"Clear requirements should be put in place to ensure that corporate records are easily accessible."
"A board can prevent owners from reviewing important documents and information. The result can be a very uneven playing field where owners who challenge their boards may be seriously disadvantaged."
"A board can prevent owners from reviewing important documents and information. The result can be a very uneven playing field where owners who challenge their boards may be seriously disadvantaged."
"Owners and boards alike want this power imbalance redressed by giving the law more teeth to ensure that disputes can be resolved quickly and fairly."
"Owners and boards alike want this power imbalance redressed by giving the law more teeth to ensure that disputes can be resolved quickly and fairly."
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