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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Contingency reserve fund expenditures (costs) are usually identified in advance by a depreciation report (similar to the report created after a reserve fund study), and must be approved by owners unless it is for emergency repairs or insurance deductibles that are a common expense. Who can perform studies?

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Is Boiler Breakdown & Home Emergency Insurance Worth Buying?

Schofields Insurance

Reading Time: 3 minutes What are the benefits of boiler insurance? Also, most holiday cottage insurance policies have winter heating warranties, such as the temperature must be maintained to a specified minimum temperature during the winter. What does boiler breakdown insurance cover? What is the policy excess?

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. Leveraging cutting-edge technology and a dedicated team of licensed engineers and inspectors , the company simplifies the compliance process for property owners. Understanding SB326 and SB721: What Are They?

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Insurance Insurance you buy for your business, such as business liability or property insurance. If you have a home office, you can deduct some of your homeowner’s insurance. Advertising to influence government legislation, however, is never deductible. This deduction is scheduled to end on Jan.

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Mount Pleasant 2 Bedrooms Townhouse in Character Triplex w/ Sundeck

Sunstar Realty

Finished area: 1015sf Levels: 2 Fireplaces: 1; electric Flooring: engineered wood, carpets, tiles mixed Outdoor: fenced backyard and sundeck Parking: single stall in detached garage + street parking Deposits: half a month security deposit + fob deposits. Address: #1- 1130 E.14th Move-in/out fees: as per strata bylaws. blocks east of Fraser.

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Coal Harbour View 2 Bed 2.5 Bath Condo w/ Balcony @ Terminal City Club

Sunstar Realty

Finished area: 1711sf Fireplaces: 1; natural gas Flooring: engineered wood, tiles, carpets mixed Outdoor: 1 balcony Parking: 1 underground stall Locker: 1 Deposits: half a month security deposit + fob deposits. NOTE: Tenants insurance is mandatory for this strata. Lease term: minimum one year lease. Pets: sorry not this one.

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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. All landlords and commercial property managers should require tenants to have various forms of insurance depending on the type of business operations occupying the relevant space.