Call Us Today! 226-674-1000 • Free Accessible Parking 

Injury Law Group Blog

 

June 21, 2017 - By Injury Law Group

Tips for Condo Governance

Condominium and Housing Law

Quick Tips for Condo Governance

  • The board should be comprised of people who understand business and finance
  • The board should be overseeing the building, rather than managing
  • The manager should be independent of the board and have a trusted reputation
  • Ideally, the directors should own a unit in the building and actually live there
  • Conflicts of interest are a red flag – For example, the board members should not have financial interest in transactions with the property manager or vendors
  • The board should sign and follow a Code of Ethics

Tips for Condo Owners

  • Condominium owners should read the condo’s declaration, which is similar to a condo’s constitution, in addition to the bylaws and rules
  • Potential new owners should also read the developer’s disclosure statement and should have it reviewed by a lawyer
  • Although most condo board meetings are closed, owners can attend annual meetings
  • If an owner is unable to attend an annual meeting, a condo board could implement electronic proxy voting, where proxy documents would be emailed to owners
  • If an owner is unhappy with the board, they can try joining the board, although this is a time-consuming commitment

Overall, it is important to have a strong board, and effective board governance, with unit owner involvement.  A trusted condo lawyer is especially important, as condominium processes can become very complex.  For more information, click here


Injury Law Group represents clients in Windsor, Ontario, and cities and municipalities of Amherstburg, Belle River, Chatham, Essex, Kingsville, Lakeshore, LaSalle, Leamington, Tecumseh, and Tilbury. We also represent clients from Detroit, Michigan, who have claims in Canada.

Copyright © 2021 Injury Law Group | All Rights Reserved
2510 Ouellette Ave, Suite 301, Windsor, ON, N8X 1L4

Copyright © 2021 Injury Law Group | All Rights Reserved
2510 Ouellette Ave, Suite 301, Windsor, ON, N8X 1L4