UNDERSTANDING THE NOTICE OF FUTURE FUNDING OF THE RESERVE FUND (FORM 15) The Importance of Reserves Condominium Corporations (Unit Owners) reserve obligations separates condominium ownership apart from freehold ownership. Condominium Owners are legislated to contribute a monthly reserve amount which is an instantaneous monetary contribution for the replacement of the […]

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Court Appointed Condominium Administration

Court Appointed Condominium Administration: The very “VERY” last option. AVOID AT ALL COSTS Reality It is going to cost – big time – basically necessary due to years of neglect Many fellow owners will lose their Unit because; Monthly common elements  fees will dramatically increase Special assessments Unit value dropping; […]

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Considering Sub Metering?

Hydro sub metering for Condominium Corporations is the implementation of a system that allows a condominium corporation to invoice Unit Owners for individual measured hydro usage. I believe all Corporations, via the Board of Directors, engage the services of a Sub-Metering Company if they decide on sub-metering. The Sub-Metering Industry […]

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My First Post on Behalf of Condo-Ology®

    My name is Tom LePage, the manager of the Condo-Ology® Blog. On Behalf of  Condo-Ology® Welcome. This site where is where all can participate in order to assist each other in a conflict free environment seeking best operational practices and much, much more. And for those readers who […]

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