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Is now the time to buy a condo in Toronto?

Condo Control

Keep in mind that older buildings will generally require more maintenance work than new builds. Unfortunately, there are no definitive answers to these questions. And ensure you are comfortable with the building’s financial information. Watch out for recurring special assessments or suspiciously low condo fees.

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Worst-Case Scenarios: When the Reserves Won’t Cover It

Mem Property Management

A hypothetical emergency could be anything from flooding without having proper flood coverage to fraud or malfeasance on the part of a board member, to massive legal bills because of a board member acting in bad faith and coming out on the wrong side of litigation. Thats why having a plan for such emergencies is vital for any condo or HOA.

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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

The statute introduces the definition of “qualified commercial tenants,” targeting those who require enhanced safeguards in lease negotiations. Landlords will need to provide “supporting documentation” for applicable costs, which must be limited to expenses related to operation, maintenance, and repair.

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