Differences between Directors and Managers

From the Institute of Directors (modified by Tom LePage for Condominium/Community/HOA application) There are many fundamental differences between being a Director and a Manager; it’s not simply a trivial matter. The differences are numerous, substantial and quite onerous. The table below outlines the major differences between directing and managing. COMMUNITY […]

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What does Warren Buffet know about Condominium Operations? More than you think!

Warren Buffet’s Ten Top Plus One Quotes to Think About Price is what you pay. Value is what you get. Risk comes from not knowing what you’re doing. The most important thing to do if you find yourself in a hole is to stop digging. It takes 20 years to […]

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There Appears to be Light!

Ontario legislature gave the Royal Assent on Dec 3, 2015 and passed a newly revamped Condominium Act  which will be known as “Protecting Condominium Owners Act, 2015” (Bill 106); almost three and a half years after the government’s announced the review of the current Act. In my opinion, we are […]

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Condo-Ology® Advisory (Fraud Insurance) Alert (15-11-25)

Condo-Ology® Advisory (Fraud Insurance) Alert (15-11-25) Does your Condo Corporation have insurance coverage for fraudulent acts by an employee of the management company?                                           99.99% chance the answer is NO. […]

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Bill 106 – Tom LePage Transcript and Handout for Oct 29, 2015 Standing Committee

Appearance of Tom LePage FRI, CPM, ARP, RCM, Founder of Condo-Ology®, before the Ontario Legislative Standing Committee on Finance and Economic Affairs (Including Handout) Re: Bill 106, An Act to amend the Condominium Act, 1998 Thursday, October 29, 2015 Standing Committee on Finance and Economic Affairs Re: Bill 106, An […]

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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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General By-law including comments SCC 408

Registered By-law for SCC 408 modified with areas of interest and internal comments in Red This By-law is Condo-Ology® Certified as it supports transparent and accountable governance. NOTE: In a few situations (noted in SCC 408 By-law – below) we were advised that a few of the most important provisions may not […]

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Condominium Corporation Condo-Ology® Certified General By-law Template

A continuous improving (FREE) template for the drafting of a Condominium Corporation Condo-Ology® Certified General By-law The base or the starting point for this template began with the Registered of SCC 408 Condo-Ology® Certified General By-law. This template is the best By-law that I have seen to date, regardless that […]

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