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
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