Fees and Finances
What is a lien and how does it work in condos
Learn what a lien is in a condo, when it can be registered, how it works, and what it means for owners who owe condo fees.
How do condos terminate or amalgamate
Learn how condos can terminate or amalgamate, including legal requirements, owner approval, key steps, and what it means for owners and boards.
What are condo fees and how are they calculated
Learn how condo fees are calculated, including operating costs, reserve fund contributions, unit factors, and how budgets affect fees.
What is a condo reserve fund
Learn what a condo reserve fund is, what it pays for, how contributions are set, and why it’s essential for long-term building repairs.
What is a special assessment and do you have to pay it
Learn what a special assessment is in a condo, why it may be charged, how costs are calculated, and what it means for owners.
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