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What's in the news

A great Q&A published in the Edmonton Journal.

5/22/2014

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Q: Can you explain the difference between a special assessment and a levy?

Q: Does the board have to provide specific information about what the monies collected for a Special Assessment are being used for? 

Q: Our condo board is considering buying one of the units in the building as an investment. Is this allowed?

Q: Our condominium corporation elected a new board at its AGM, consisting of nine directors (six returning and three newly elected). I recently discovered that one of the board members is not an owner, but a renter. Is this allowed? Can renters attend or participate in the AGM without a proxy?

~CondoSensei


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