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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Additional information Funds from the reserve can also be used to pay for: areserve fund studyandreserve fund report any other report prepared by an expert about the corporations real and personal property, common property and managed property any other purpose in the Condominium Property Regulation Click here to view complete details.

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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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Digging into Government Guidelines and Restrictions for Short-term Rentals

Property Management Inc.

You need to ensure that you’re charging the right amount of tax (check with local government if you’re not working with a property manager). This tax will then need to be remitted to the government. Check out local government websites for further information. Business insurance can also be beneficial.

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A practical guide to managing tennis courts, gyms, and other HOA amenities in one place

Condo Control

One of the best things about living in a governed community is the access to amenities. Management understands this, and it is a major reason why communities agree to let guests use the pool or tennis court; it makes owners happier. Managing amenities and guests simultaneously Ditch the paper! Fees can help regulate usage.

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Property Management Expansion: Strategies for Successfully Entering New Markets

Zeevou

This blog post highlights essential strategies for successfully expanding your property management business. How Can Property Managers Enter New Markets? Each new market has its own regulations, demand, guest preferences, and operational considerations.

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Community managers say these are the top issues impacting their associations

Condo Control

While this change supports environmental initiatives and owners who want to use sustainable energy alternatives, it imposes an additional regulatory scheme and takes away from the HOAs architectural authority to regulate solar panels. The HOA can still regulate the size, design and architectural application process, for example.

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Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Residential Property Management Residential property management focuses on managing properties where people live, including single-family homes, multi-family housing, and apartment complexes. Unlike commercial properties, these spaces are about creating a comfortable and safe living environment for tenants.