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.
Knowing now, and planning accordingly, is better than finding out later!
Having a better understanding of the condition of your Common Elements is the best way to mitigate risk of major, unexpected repairs over the long term.
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.
This article will help you understand what climate changes are occurring and how they will impact your buildings and property.
