Fees and Finances
What are CAO assessment fees and how do you pay them
What is a special assessment? A special assessment is a one-time fee charged to owners when the condo corporation needs...
What is a lien and how does it work in condos
What is a lien? A lien is a legal claim or right against an asset used to recover an unpaid...
How do condos terminate or amalgamate
How can we terminate our condo corporation? Your condo corporation must follow a formal termination process outlined in the Condo...
How are condo fees calculated
What are condo fees? Owners pay condo fees or common expenses fees to maintain the condo’s common elements, contribute to...
What is a reserve fund
What is a reserve fund? A condo’s reserve fund is a mandatory bank account used to pay for major repairs...
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