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5 ways for high rise condominiums to save money in 2025

Condo Control

Densely populated high rise condominiums have always been budget conscious. Reduce administrative costs Administrative costs are any expenses incurred to maintain day-to-day operations of the condominium. With so many expenses, its not hard to overspend and exceed the annual budget. But this year is different.

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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. Applications can be filed and reviewed online, and payments can be processed online too. While management cant do anything to replace a bike once its gone, they can suggest ways for the condominium to minimize bike thefts.

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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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How a condo/HOA attorney might navigate new Florida laws

Condo Control

Websites and records All HOAs that contain 100 parcels or more must maintain a website or application that can be downloaded through a phone, states HB 1203. Similarly, HB 1237 requires condo associations with 150 or more units (excluding timeshare units) to have a website or application that complies with specific obligations.

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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. This solution allows condos and HOAs to collect applications for paid community assets, send responses to residents, and even process payments online. A limitation can be both a problem and a solution.

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Condo and strata chargebacks

Condo Control

A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. In Ontario, the Condominium Act explains when condo corporations can charge back costs to the common expenses of an owner. What are chargebacks? What costs can be charged back?

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Managing paid condo and HOA parking and storage

Condo Control

But January can be a heavy month too, especially if you help manage a large condominium or HOA community. Creating a formal leasing process allows the condominium or HOA to determine who has the right to use a boat rack or storage locker. Revenue opportunity To be approved for a lease or lease renewal, the applicant must pay a fee.