Every part of your condo requires regular repairs and maintenance, things like paint and shingles. Parkades need the same but are subjected to harsher conditions because vehicles bring the road and the weather in with them. This makes the surface in parkades susceptible to two types of damage, physical and chemical. You might wonder why you should care about your
What Is Covered by the Condominium Corporation Policy As a condominium Unit Owner, you are a part owner of a Condominium Corporation. The insurance obtained by the Condominium Corporation is regulated by the Alberta Condominium Property Act and Regulations, and the By-Laws of the Corporation. The standard Condominium Corporation is required to cover all of the insurable property of
Condominium Ownership: What It Means for You
Learn more about the roles and responsibilities of your Condo Management Company and Board of Directors.
So Why Do We Have a Board and So Many Rules?
Article by Gerald Rotering, Condominium Realtor
The Board at your Condominium Corporation will always have in mind the situations which may be a risk or cause exposure to the Corporation and thereby to all Owners. Common risk and exposure situations include:
The following covers some common Condominium related terminology that is helpful to be aware of as a condo owner.
Two different insurance coverages that are available for condo unit owner insurance policies.
The following are common causes of sewer backups and tips on preventing it.