Strata council meeting minutes

Take note! The Strata Property Act has specific requirements for strata meetings. These requirements help guide strata corporations when they are conducting important business, and ensure they govern themselves democratically. Minutes of strata council meetings are part of this regulated process. Minutes must be taken. Furthermore, they must be available for review two weeks after […]

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Who can be a condo board member?

In 2017, news broke that a group of Toronto condo board members conspired to divert hundreds of thousands of dollars from a building’s operating budget into their own pockets. The group posed as condo owners, forged ballots and managed to take control of a condo board in 2016. Some of these individuals had allegedly infiltrated as many […]

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Accounting for HOAs

HOAs cannot operate without revenue. It’s as simple as that. Good accounting is critical to the health and happiness of every HOA development. Managing a multi-million dollar budget is not so simple, however, especially if none of your board members have an accounting background. Accounting can be quite stressful for anyone to navigate, and it’s […]

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A Homeowner association’s guide to choosing a website host

A website is a simple yet effective way to keep your HOA connected and informed. A clean, accessible website allows owners to easily locate HOA news, announcements, resources such as forms or surveys, member directories, and more. It may also serve as an effective marketing tool and can attract buyers to your community. Almost every HOA […]

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5 property management trends and goals for 2021

Happy New Year! 2020 was a year we will all remember well, but most of us hope history won’t repeat itself in 2021. Not surprisingly, the property management industry has experienced a great deal of uncertainty after COVID-19 began infecting people, and property managers have had to respond quickly to unexpected challenges. But despite these […]

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Accounting for condos

covid-19 resources Request a Demo Good accounting is an important pillar of a happy and healthy condo community. Condos need money to operate. It’s as simple as that. But managing a multi-million dollar budget is not so simple. With multiple revenue sources, short-term and long-term projects, bills, contractors, and more, taking care of a condo’s […]

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Condo turnover meetings

Before the meeting When the developer starts a new condo project, they create and control the first board of directors for the development. Depending on the state or province, there may be a time limit by which the developer must appoint an interim board after the condo plan has been registered. The names and addresses […]

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Top 10 strata management companies in Vancouver

Vancouver is famous for its scenic views, temperate climate and friendly people. The City of Vancouver is a popular tourist attraction, but it’s also one amazing place to live. Strata properties are popular housing options in Vancouver (and the rest of British Columbia) because they are convenient, secure, and offer perks that other properties don’t. According […]

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HOA transitions

When an HOA is turned over from a declarant, developer or builder, and control is given to members who live in the development, this process is referred to as the transition. HOA transitions are critically important to the future health and stability of developments. The group responsible for taking over will almost certainly require professional assistance from […]

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The role of the president’s report in a condo AGM

The annual general meeting (AGM), also known as an annual meeting, is arguably the most important meeting for condo communities. Members are elected to serve on the board of directors. Owners are given an opportunity to hear about the corporation’s financial health, projects, and other significant issues. In short, an AGM is a meeting where […]

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Pro formas for condo developers, sellers and buyers

Whether you are developing, selling or purchasing a condo, a pro forma statement can be a vital tool for decision-making, and minimizing risks associated with investing. But in order to be truly useful, pro forma statements must be based on objective and reliable information. This is the only way to create an accurate projection of […]

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A guide to condo newsletters

Condo buildings are like miniature ecosystems. Though residents follow the same rules and share the same amenities, they often lead very different lives. Some people are always on the go, others are almost always at home. Some like to be social and get to know the people on their floor, others may not know who […]

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