Posts Tagged ‘Condominiums in Alberta’
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…
Read MoreBudgets: 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…
Read MoreCondominiums Explained
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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