Management

Undersheets

28 Articles

Functions of the manager

The law does not set out a list of the various tasks that may be assigned to the condo manager; the latter receives its mandate from the board of directors to manage all or part of the affairs of the co-ownership (condominium). The manager assists and advises the directors, he ensures the smooth operation of the syndicate, he makes life easier for everyone and he takes care of the most important asset of the co-owners, that is…...

Management

Hausse des frais de copropriété à prévoir

Extrait du TVA nouvelles du 27 mars 2013                   {flv}Hausse_frais_de_copropriete_Reportage_TVA_27mars2013{/flv}               ...

Management

Le condo, un trou noir financier ?

Extrait de l'émission animée par Georges Pothier au Canal Argent du 17 novembre 2011....

Management

Manager's remuneration

The contract for services must clearly outline the condo manager's remuneration regarding the day-to-day management services provided for the co-ownership (condominium); this management includes the usual acts that are generally part of the base package but the manager can also request additional fees for extra rendered services.      ...

Management

Operating mode

A device present in most co-ownerships (condominiums), the water heater has an essential role in the comfort of all occupants of the immovable; it is thus one of the electrical appliances that is most solicited in housing establishments because it provides domestic hot water use for various purposes such as showering, hand washing and laundry. The operating mode of a water heater is simple: under pressure, cold water enters either through the side, base or top of the tank as it empties…...

Management

Prevention of a water damage

The occurrence of a loss in a co-ownership (condominium) is never good news; a significant water damage is likely to cause lasting damages within the immovable. Considering the impact of water damage on a co-ownership's budget, preventive measures must be implemented to monitor components and equipment at higher risk. Moreover, effective and regular communication between the board of directors and the co-owners is essential to raise awareness of the importance of keeping their private portions in good condition and…...

Management

Procedure after a water damage

When water damage occurs in common portions or the private portions, the syndicate of co-owners must act quickly to implement appropriate emergency measures. It is essential to immediately report the loss to the syndicate's insurer. After an assessment of the damages by a claims adjuster, it is advisable to hire a competent contractor to carry out the necessary repairs. Moreover, it is essential to meticulously document all damages and repair efforts to rehabilitate the affected areas,…...

Management

Required competencies

As the person responsible for the management of the syndicate of co-owners’ real estate assets, the condo manager plays a strategic role; his competence level can make the difference especially if the board of directors knows next to nothing in such matters. The functioning of a co-ownership (condominium) as well as the stewardship of the immovable require a certain level of knowledge. In addition, a condo manager must demonstrate professional interpersonal skills, that is to say to be a good communicator, to act…...

Management
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Risk management

Management of water heaters management in a co-ownership (condominium) requires meticulous organization including maintaining an installation registry and collaborating with the co-owners and so, in accordance with the provisions of the declaration of co-ownership; this document usually mentions that any intervention on a water heater such as its replacement must be approved by the board of directors to ensure that the work complies with the current standards and that the contractors are qualified as evidenced by their license and by their insurance....

Management

Termination of the manager's contract

A contract typically comes with an expiration date; this is true for the contractual relationship between the syndicate of co-owners and its condo manager. The agreement can last for years or end abruptly; the flexibility and the adaptability of this agreement efficiently addresses the evolving needs and the changes of both parties. Moreover, loyalty to a manager varies from one co-ownership (condominium) to another; that being said, various reasons can explain the termination of the contractual relationship between the syndicate and…...

Management