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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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How do license plate readers work in condominium buildings?

Condo Control

That being said, license plate readers can be effective access control solutions in condominium parking garages. Table of contents How do automated license plate readers work How are LPR systems used in condo buildings? The condominium must consider costs, make a maintenance plan, and determine who can review footage.

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What to do when the demand for condo/HOA parking and storage is high

Condo Control

Take paid condominium parking and storage as an example. A limitation can be both a problem and a solution. Depending on laws and location, developers dont always include a spot or storage space for every unit.

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How to increase the annual budget while making your condominium more bike friendly

Condo Control

Would you consider your condominium to be bike friendly? of bike amenity space into their new condominium. While management cant do anything to replace a bike once its gone, they can suggest ways for the condominium to minimize bike thefts. If youre not a cyclist, you may have not given this question much thought before.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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An introduction to exterior condo safety inspections

Condo Control

Condominiums are sometimes praised for their inventive designs. However, structural integrity, an equally attractive trait, probably doesnt get enough attention from condominium communities. If this happens, the entire condominium could be at risk of collapsing. What does the inspection cover?

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Ways to prolong your condo elevator’s useful lifespan

Condo Control

While that seems relatively long, consider this: it can cost $200,000 to $300,000 to replace a single elevator cab in a condominium! Instead of paying a premium to replace an entire cab or initiate emergency repairs, your condominium can budget accordingly and spend less on small repairs and adjustments.