It can be very challenging to predict how much you need to save for upcoming projects. Does your roof replacement cost the same as it would have three years ago? What about your window replacement project looming in the next 10 years?
Understanding your condo fees empowers owners with knowledge to make informed decisions, supports the building of a healthy and vibrant community, and sets a course for long-term stability for your Corporation.
Determining who is responsible for the costs of repair and maintenance of common elements, such as windows, is a common issue. So - who pays? Fortunately, a recent court case in London, Ontario provides some clarity.