How do you deal with a difficult condo board?

How do you deal with a difficult condo board?

Disputes with condominium owners

1. Promptly follow-up. The board should promptly follow-up with any owner concerns or complaints brought to its attention.
2. Gather information.
3. Contact the owner.
4. Try to reach a mutual solution.
5. Consider your dispute resolution options.

How much can condo fees increase Alberta?

Under Section 39(1) of the Condo Property Act, it states simply how a board is allowed to calculate your contributions, essentially, your board has flexibility to raise any amount in condo fees that they deem “sufficient”. There are no limits or caps.

What happens if you don’t have professional Condo Management?

First, you don’t have professional management, which means they may not be filing the proper taxes, maintaining proper insurance, keeping meticulous accounting records or just not keeping up to date with maintenance. This has been a difficult conundrum for many small condominium associations.

Is it bad to buy a condo with low fees?

People love to find out that a building has low condo fees, but this can sometimes be a bad sign. Sure, it’s possible that the building is exceptionally well run, and they have managed to keep fees low. But it’s important to check the reserves as mentioned above, and the profit/loss statement to make sure they aren’t overspending.

Can you save on condo fees by being self managed?

Self-Managed A self-managed building can definitely save on condo fees, but the mere fact that unit owners are functioning as volunteer management can create a host of problems.

Why do condo association fees go up when you buy a condo?

Also, in new construction, developers notoriously set up the condo association with very low fees to entice buyers. Those fees usually go up once the condo association starts running on its own. Why you may ask? The initial budget is set-up by the developer and they usually underestimate it and don’t account for reserve fund contributions.