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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 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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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 can high-rise condos use AI to make things easier?

Condo Control

Condo management is no exception. Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Use chatbots for improved response times Chatbots can be installed on a condominiums website or portal, and can deliver basic 24/7 support to residents.

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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. Table of contents Large communities benefit from having paid parking and storage What is the best way to manage paid parking and storage? A new year presents opportunities for fresh starts and exciting goals.

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Community managers say these are the top issues impacting their associations

Condo Control

So, in one way or another, finances are putting a strain on condominiums and HOAs. Hiring more staff would help resolve this issue, but most communities dont have that much wiggle room in their budgets. 25% say lack of finances is a top concern. These findings align with research conducted by The Foundation for Community Association Research.