Introducing the Annual Condominium Requirements Guide
The following excerpts are taken from the Condominium Authority of Ontario newsletter.
The Annual Condominium Requirements Guide
The CAO has produced this guide to highlight many of the regularly occurring legal requirements under the Condominium Act, 1998 (the Condominium Act) for condominium corporations in a single document. This document can be used by owners to better understand their condominium board’s obligations and by directors to help them create a plan for complying with the annual legal requirements found within the guide.
What Does the Annual Condominium Requirements Guide Contain?
This guide covers the following areas:
Condominium corporation legal requirements under the Condominium Act, which apply broadly to condominium corporations across Ontario. For example, the requirement for a condominium corporation to hold an annual general meeting and file returns to the CAO, among others.
The legislative framework that applies to all condominium boards and condominium corporations, which consists of the following:
A description of each requirement;
The legislative basis for that requirement within the Condominium Act;
The deadline for each requirement; and
Any additional information regarding the requirements that a condominium corporation may find helpful.
Best practices for effectively addressing a condominium corporation’s legal requirements, including creating an annual plan which lays out the dates and deadlines of a condominium corporation’s governance and operational requirements, conducting a vendor and service review, and ensuring that condominium corporations collect owner feedback.
Additional resources and tools that condominium corporations may find useful, including a sample Annual Condominium Legal Requirements Checklist, the CAO Public Registry, and the customized CAO's Condo Calendar App, which lists important deadlines for individual condominium corporations based on the information they provide to the CAO through filing returns and notices of change.
The CAO's Condo Calendar App
The CAO is also proud to offer the CAO's Condo Calendar App, an easy-to-use solution for condominium owners, condominium directors, and condominium managers to help them ensure that they never miss an important deadline relating to their condominium corporation. The CAO's Condo Calendar App allows for easy visualization and organization of certain important dates for condominium corporations under the Condominium Act.