Two Legal Acts That All Albertan Condominium Owners Need to Know about!

If you have been around for a while and seen any of our other Key to Management Blogs, you will see the Condominium Property Act and the Condominium Property Regulation are mentioned very frequently. That is because these two pieces of legislation formulate the foundation for everything to do with the development, ownership, and management…

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Professional Condominium Management

Professional Condominium Management

You are now the proud owner of your condominium- congratulations! As an owner in the condominium corporation, there are a lot of considerations that you need to think about to make the best business decisions for your investment. Like anything, the management of your condominium can mean the difference between many frustrations and the loss…

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Renting Your Condominium:

What you need to know about renting your condominium.

What You Need to Know! Are you thinking of renting your condominium? Congratulations! Owning a rental property is an excellent way to expand your financial portfolio. While it may seem like a straightforward thing, there are a lot of considerations that you need to be aware of before you begin the process. Here are a…

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Tips From a Property Manager: Part 1

Tips from a Property Manager

Don’t Wait Until the Last Minute to Request Your Condominium Documents! When you are purchasing a condominium, you are also purchasing a share in a corporation. As such, it is best to look at your purchase as and investment and business decision. As with any business decision, it is important to have all of the…

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Rental Properties:

How do I know when it's time to hire a property manager?

When do I Know it’s Time to Hire a Property Manager? Many landlords struggle with knowing when is the right time to hire a property manager. Some continue to manage the day-to-day needs of their rentals, while others prefer to hand over the operations of their rental property to a manager right away. How do…

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Being Proactive!

Being proactive in maintenance

What it can mean for you and your investment! What is the trick that we stand by when it comes to protecting our clients investments and properties? The proactive management of maintenance and the anticipation of future problems. By having a keen eye that is open to the upcoming needs of a property and keeping…

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I Own a Condominium, Why Don’t I Get the Energy Rebate?

Condominium Energy Rebate

If you are a condominium owner in Alberta, you may be wondering why you haven’t received an energy rebate. With the cost of living, we are looking for savings everywhere- we get it! The truth is, that many condominiums include their power bill in the condominium fees that they charge owners. Meaning that all of…

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Condominium Contributions: What Are They For?

Condominium Contributions: What are they for?

Condominium contributions are a hot topic for condominium owners. What are they? How are they determined? Why do they go up? If I am paying contributions, why did we need a special levy? Every condo owner must pay condominium contributions (also known as condominium fees) to the condominium corporation. These contributions go towards the corporation’s:operating account andreserve fund condolawalberta.ca What…

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Budgets: Why are they Integral to the Health of Your Community?

Budgets: Why are They Integral to the Health of Your Community

Condominium Corporations have unique and complicated financial needs. That is why developing a solid budget and sticking to it is integral to your condominium communities health. There are many considerations when developing a budget that will create long term sustainability to your communities and we will walk through some of the most fundamental aspects that…

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Condominiums Explained

Condominium Information

A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources. Investopedia Condominiums can be either residential or commercial and simply stated, a condominium owner…

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