Showing posts with label Management. Show all posts
Showing posts with label Management. Show all posts

Tuesday, March 11, 2014

Ontario Condominium Review

Condominium Owners and Investors just want responsible leadership and management. You want to be informed, and uninvolved yet be a transparent process. So you elect a Board of Directors.

You don't want to hear about WorkPlace Health and Safety Issues, Insurance Claims being chrged back to specific units or Requisition Meetings.  Just Keep maintenance Fees [low] stable.  

Me:  Do you attend your annual Condo Board Meetings?   Why is there so much FIGHTING?   Is it lack of understanding or lack of explanations?
Resp: You presume people want to know. The reality is most people don't want to know. They want someone else to deal with it all.
Me:   How can we help to better understand condo rules and budgets?
Resp: They have a problem when they hear conflicting opinions because they don't want there to be potential issues raised.
Resp: If there are real, legitimate issues, people want to ignore it.
Resp: I went through the ringer when I purchased my Condo & dealt with incompetence. 


Owners want responsible leadership and management.  They want to be informed, and uninvolved yet be able to see a transparent process.  They want a guaranteed return on their investment.

The Provincial Gov't has finished its 3 stage review of the Condominium Act that was being worked on since Fall 2012 and are now drafting the new Act. Some vast improvements in the works...

http://zh.scribd.com/doc/211968856/Executive-Summary-En