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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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Condo Frozen Pipes: Who Should Take Care Of It?

Mem Property Management

DEALING WITH CONDO FROZEN PIPES Every season has its range of weather-specific concerns for property owners and condominium associations. PREVENTING FROZEN PIPES IN CONDOMINIUMS Frozen pipes happen when outside temperatures reach freezing and there is a lack of heat inside the property. WHEN IS CONDO INSURANCE INVOLVED?

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

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Everything you Need to Know About Investing In Multi-family Real Estate

Beach Front Property Management

Multifamily investing is a real estate strategy focused on properties that accommodate multiple residents, such as apartment complexes or condominiums. During this time, you wi ll need to secure homeowners’ insurance, arrange an inspection, and cover any additional closing costs. What is Multifamily Investing?

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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

The business judgment rule along with directors and officers insurance will cover you as a board member for any decisions you make, even if they turn out to cause more problems than they solve for the community. Do you have or need flood insurance? However, the big caveat is that you must follow the spirit of the rule.

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HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor. Make sure the electric car charging stations condominiums and HOAs install won’t deal any long-term or short-term damages. After you have reviewed their application, the installation process may begin.