Services

Financial Management Services:

• Work with the Board of Directors to prepare an operating budget
• Collect condominium fees and deposit funds in a separate bank account
• Assist the Board in investing Reserve funds and any surplus operating fund
• Pay all bills or other payments as required
• Maintain records of all financial transactions and provide the Board with financial statements on a quarterly basis
• Forward financial statements to an accountant for auditing at the Condominium’s expense
• Keep a list of all owners and relevant information
• Send up to 2 letters to owners each time they are in arrears
• Issue estoppel certificates and other documents to owners for a fee
• Provide phone and/or e-mail consultation for board members on these and other issues: Condominium Property Act, By-laws, Reserve Fund Study and Plan, options for collecting arrears, information on contractors, professionals, etc.
• Provide guidance with insurance appraisals, coverage and claims
• File changes in the Board of Directors, address for service and bylaws with the Land Titles Office (cost of filing paid for by Condo)
• File and discharge caveats
  (fees recovered from the owner in arrears)
• Write letters on behalf of the Corporation at the Board’s request
• Assist with planning and attend the Annual General Meeting

*Additional services may be negotiated on a case by case basis.