Condominium Property Management Defined

The duties of our Managers include but are not limited to:

• To deal with all complaints of the unit owners or the unit occupants and the Managers are given discretion to act upon any complaint with such reasonable dispatch as is required.
  
  
• To ensure that the Corporation’s common property is properly maintained or repaired.
  
  
• To attend the meetings of the Board as specified on Schedule A and the general meetings of the owners, and to participate to the extent required by the meeting’s chairman.
  
  
• To keep a roster of names and telephone numbers of persons or firms which can respond to any emergency touching upon the common property of the Corporation on a twenty-four (24) hour basis.
  
  
• To deliver any notice required to be delivered by the Corporation to an owner or occupant of any unit.
  
  
• To collect and deposit monies payable to the Corporation pursuant to the Corporation’s By-laws in a separate account, in trust, for the Corporation.
  
  
• To pay from the monies held in trust:
  
  • trade accounts properly incurred;
  • insurance premiums payable for coverage required by the Corporation’s By-laws;
  • utility and service accounts properly incurred;
  • any other sum as directed by the Board.
• To keep in a state of good and serviceable repair and properly maintain the real and personal property of the Corporation and the common property.
  
  
• To comply with notices or orders by local authority or public authority requiring repairs of work to be done in respect of the parcel.
  
  
• To administer a fund for administrative expenses designated for control, management and administration of the common property, for the payment of any premiums of insurance and for the discharge of any other obligation of the Corporation.
  
  
• To determine from time to time the amounts to be raised for the purposed mentioned in clause (J).
  
  
• To administer at the direction of the Board, including advising the Board of its projections, all particulars of the Capital Replacement Reserve Fund.
  
  
• To keep accurate and proper accounting records of all financial transactions of the Corporation’s money and to open those books only to any officer of the Board or any person authorized by the Board.
  
  
• To provide the Board with statements showing the financial transactions made on behalf of the Corporation.
  
  
• To provide the Board with an estimated budget of income and expenses, for each fiscal year of the Corporation, at least sixty (60) days before the fiscal year commences. The budget shall apportion the levies required to be made upon each unit. The Managers shall assist the Board in estimating the future fiscal needs of the Corporation.
  
  
• To keep an accurate and current log showing the names of the owners of each unit or the occupants of each unit, together with their addresses and telephone numbers.
  
  
• To keep a log, to the best of it’s ability, of the encumbrances and charges against each unit’s title, together with the amount of any indebtedness, which together with the name and address of the encumbrance.
  
  
• To do any other thing which can reasonably be expected to be done by the Manager, including items listed in Schedule A.