Condo Owners Association COA

Displaying items by tag: Condo Owners

Ambassador for your Condo Building?

If  you would like to make changes in your building, please consider becoming a COA  "Ambassador" of your building.  We have identified that every Condominium needs an Ambassador to work together with the COA.  There is too much going on behind the scenes in the Condo Buildings with Board of Directors and Property Management.  Owners are still being misrepresented and/or ignored.  Condo Annual General Meetings are still a horror movie, but who are the Villains? Sadly, too often it is the Villains winning the Game and the losers are the Condo Owners.

Condo Owners are easily mislead as they try to surf through these takeovers.  Who can they trust? 

One of the key problems are Proxies!   Proxies should not be controlled by Property Manager or the Board of Directors.   The COA has recommended "Electronic Voting"  of Board Members to the Ministry of Government and Consumer Services.  Proxies are the #1 problem in Condominiums because proxies are being forged and manipulated!   The Power lies behind the closed doors of Property Management Office so how can a Condo Owner or even a legitimate Board Member compete?  They can't it is that simple, it cannot be done.   If your building has signs of distress you must realize you have to step out of the building for an opinion unless there is hard core evidence of wrong doing.  Even then take the evidence and step out of the building. 

The only solution to this problem is to have a COA Ambassador in each Condo Building!    Contact COA


 

Associations are Important

Support your Condo Owners Association representing Condo Owners and Buyers. 

There are various Association representation different sectors.  Each and every one are extremely important.  Below is a list of some of the Associations and whom they represent.  

Condo Owners Association (COA)

......represents Condo Owners and Condo Buyers

Ontario Medical Association (OMA)

......represents our Medical Profession

Ontario Teachers Federation (OTF)

......represents our Teachers

Police Association of Ontario (PAO)

......represents our Police Officers  

Published in Hot News Bulletin

 COA Endorses these changes  

  • Home Warranty Act needs a complete revision. 
  • Provincial Government consider a Condo Reserve Fund Bond to pay 1 to 1 ¼ % higher than Ontario Savings bond
  • Reserve fund studies need to conform to proper financial numbers.  Interest rates and inflation rates must be set by the Government. 
  • Improved Reserve funds interest rates with new Reserve Fund Bond
  • MPAC should consider deficiencies in the Reserve Fund
  • MPAC should consider different guidelines for property tax
  • Arrange restrictions for Smoking Cigarettes and Marijuana in condo buildings
  • Status Certificate - 10 banking days is too long of a period and jeopardizes sale
  • Meetings with extensive costs considered should be part of status certificate 

  

Did you know these condo facts?

  • Over 1.6 Million Condo Owners in Ontario
  • Over 580,000 Condo Units
  • Over 6,750 Condo Corporations
  • 1,000's Commercial Condos

  

Do you realize the importance of changing the following?  

  • Electronic Proxy system is required.  Presently proxies are being forged to control votes
  • Condo Lawyers should be appointed by Corporation, not hired by the Board
  • By Laws should not allow customization Director qualifications or disqualifications
  • By-Laws should not be allowed if the change is in contravention to the Condo Act
  • All Boards and Condo Owner should be aware of the AODA
  • Board Members should not manipulate the Condo Act forms for personal intentions

 

Let's work together for important changes to Condo Act

Published in COA Reports on Review

Bruce

Dufferin ( map )

Elgin

Essex

Frontenac (formerly Frontenac Management Board)

Grey

Haliburton

Hastings

Huron

Lambton

Lanark

Leeds & Grenville

Lennox and Addington ( map )

Middlesex

Northumberland

Oxford

Perth

Peterborough

Prescott and Russell, United Counties

Renfrew

Simcoe


Stormont, Dundas and Glengarry

Wellington

Published in COA Ontario Divisions

Status Certificates and why do you need one?

A status certificate is the report as per Section 76 of the Ontario Condo Act which outlines the current state of a Condominium Corporation.  It contains an assortment of extremely important details on your condominium.  A key item noted on the status certificate is any large increases which may come into effect, special assessments and any arrears or liens on any particular suite or the Corporation.


A Status Certificate includes:

  1. Condominium Declaration
  2. By-laws, Rules and Regulations 
  3. Copy of the Insurance certificate of the Corporation
  4. Copy of the Corporation Insurance Certificate
  5. Most Recent Financial Statements outlining operating budgets, reserve fund and any surplus etc.
  6. Cover letter with Board of Directors signature confirming contents of Status Certificate
  7. Notification of Special Assessments as ratified by the Board of Directors 
  8. Notification of any large increases and/or any items of importance 

Buyers Status Condition on Agreement of Purchase and Sale

The status certificate discloses information to a potential Buyer about the Condominium.  A Buyer purchasing a condominium should include a Status Condition clause where the Sellers will provide the Buyer with a Status Certificate within 10 days.  The condition will include an additional 3 banking days for the Buyers Lawyer to review the Status to their satisfaction.  If the Status is acceptable to the Lawyer, the Buyer will be instructed to waive the Condition on Status Review based on their Lawyers recommendation.  They will sign a waiver to release the condition and their Purchase and Sale Agreement is now firm.   In the event that the Buyer's Lawyer is concerned about anything on the Status Certificate and the concern cannot be remedied, the Lawyer will most likely recommend that the Buyer not waive the status condition and release the Agreement of Purchase and Sale.  The Buyer will sign a Mutual Release to terminate the Agreement of Purchase and Sale with the Seller and the Listing Brokerage will return the Buyers deposit without interest or deduction.  The Buyers deposit would have been held in trust for the Buyer pending the completion of the transaction.  In many cases the Status Certificate may only be valid for 30 days as per the Buyers Lawyer's request however traditionally it should be 60 days.  

Status Certificate Requisition

Whether the Seller requisitions the Status through an online portal or can also submit a written request by contacting their Property Management office, the cost is approximately $125.00 - $150.00 depending on each Corporation.   Not all Corporations have their Status Certificate available online.    According to the Condominium Act, a Provincial Legislation, the Condo Corporation has 10 days to satisfy the request.  It can either be a hard copy from the Corporations Property Management office or through an online portal such as Conduit, assortment of pdf files with the above information.   It will also include a cover letter to identify the legal description of the specific condo unit as well as the current maintenance fees attached to that unit along with the costs being covered in the maintenance fee.  

Periodic Information Certificate

In some Corporations, certainly those who have Board of Directors who practice transparency in a stronger fashion do sent out a Periodic Information Certificate (PIC) twice per fiscal year to all Owners.  Generally it is within 60 days of the end of the first quarter and 60 days of the end of the third quarter.  This PIC includes important information regarding the Board of Directors, the corporation finances, insurance, reserve fund, legal proceedings and other matters such as changes to any By-Laws and/or Rules and Regulations.  

Building or Developer preparation of Original Condo Declaration and By-Laws 

The Ministry of Government and Consumers Services oversees the Condominium Act.  In March 2010, Founder CEO of the Condo Owners Association, Linda Pinizzotto challenged the Act when she created the COA.  The first plan of action was to meet with Minister John Garretson, of the McGuinty Government.  It was an enormous challenge and before the Province experienced a change in Government from the McGuinty to the Wynn Government, Premier Dalton McGuinty announced the  CONDO ACT REVIEW  

Human rights Code of each Province 

It is common for the Builder or the developer to draw up a set of rules and regulations along with the Builder's law firm to prepare the declaration and by-law.   Section 58 (1) of the Act must promote safety, security and welfare of Owners and their property as well as the Assets of the Corporation.  

Human Rights Code of Ontario

Published in Buying a Condo

 

COA Mission Statement - To represent and provide leadership to Condominium Owners with a united voice advocating and fostering quality lifestyle, prosperous and sustainable condo ownership 

 

Work with provincial and federal governments for improvements to legislation

  • Advocate and Foster prosperous, sustainable economic environment in Condo Communities
  • Represent Condo Owners on various Stakeholder Groups
  • Provide a service for Condo Owners to register their condominiums
  • Demonstrate support on relative issues in Condo Communities
  • Work with media and police on condo related issues
  • Provide a wealth of insight, information and support
  • Contribute to the quality of life in Condo Communities 

  

Condo Owners and COA Directors Quotes 

These are very fast changing times and condo living is the fastest growing community for home ownership.  It is vitally important for Condo Owners to know their rights and protect their home and investment. 

  • Linda Pinizzotto, COA Founder President  

COA has researched the excessive amount of money Home Owners spend on utilities, in particular gas and hydro charges 

  • Derrick Thomas, COA IT Director  

What will happen if home energy audits do become a mandatory part of a condo unit to include the Condo Building on an Ontario residential real estate transaction?

  • Kathy Davidson, Condo Owner 

The Green Energy Act, 2009 is not mandatory yet but please remember that the HST was approved and passed before we all realized the highly negative and costly impact and increases it has on your Condo maintenance fees. 

  • Paul Sampson, Condo Owner  

There are very fast changing times and Condo living is the fastest growing community for home ownership. The Green Energy Act, 2009 is not mandatory yet but please remember that the HST was approved and passed before we all realized the highly negative and costly impact and increases it has on your Condo maintenance fees. 

  • Cynthia Bailey, Condo Owner

 

 

Published in Welcome to COA

ABOUT THE CONDO OWNERS ASSOCIATION (COA)?

The Condo Owners Association is a reg. non profit Association representing the best interest of all Condo Owners in Ontario with Chapters in each City across the Province.

 

 

ARE YOU ON THE BOARD OF DIRECTORS IN A CONDO CORPORATION?

Condominium Board of Directors who have approved "Membership" into the Condo Owners Association (COA)  understand the importance of managing the affairs of your Condo Corporation in compliance to the Provincial Condominium Act, 1998.

 

Click Here for: Introduction Letter & Request for Membership COA (PDF)

Click Here for: Application Membership Form For Condo Corporation (PDF)

 

 

CONDO OWNERS

IS YOUR CONDO CORPORATION A MEMBER OF CONDO OWNERS ASSOCIATION?

If your Condo Corporation is not a member of COA;  ask your Board of Directors "WHY NOT?

The cost is only $1.00 per unit owner (per year)  per building   ie. If you have 300 Unit Owners;  the cost is only $300.00 per year

If your Board of Directors refuses to join COA,  then their Condo Owners can join on their own at $10 per year. 

 


ARE YOU A PROPERTY MANAGER?

All Property Managers should tell their Board of Directors about Condo Owners Association (COA) and support its membership.

 


RETURN TO JOIN COA MEMBERSHIP

Published in Uncategorized

TRI-CAN - JCO & Associates - LAR and Owners

Charged
with conspiracy to commit fraud

 

The Competition Bureau announced that they have laid multiple criminal charges against four companies and three individuals.  The charges related to an alleged conspiracy to commit fraud and rig bids for condominium refurbishment services in the GTA Greater Toronto Area issued by private condominium corporations between 2009 a nd 2014.


Click for:  Full News Release Article     
 

"The companies and individuals are charged under the Criminal Code with conspiracy to rig bids, conspiracy to commit fraud, and fraud over $5,000"

1.  TRI-CAN Contract Incorporated and Owner Bob Vlahopoulos
2.  JCO & Associates (912547 Ontario Inc) and Owner Jose De Oliveira
3.  LAR Condominium Refurbishment Specialist 
4.  CPL Interiors Ltd. is also charged under conspiracy provision of Competition Act


 

Interesting Quick Facts

 

 
Bid Rigging Video https://youtu.be/Wu6PTbPYKfY

 
Published in Hot News Bulletin

COA - Condo Owners Association Ontario

BYLAWS AND PROCEDURE

a)  The Chapters and Local Districts must make a commitment on behalf of their Chapter or District  and pass resolutions of their dedication and commitment to COA.

b)  The Chapters and Local Districts must agree to follow the policies, procedure and protocol of COA Ontario and adopt their Code of Ethics for COA Directors.

c)  The Chapters and Local Districts must sign acceptance of the By-law to govern COA Ontario which embodies all COA Chapters and Districts.

MEMBERSHIPS, MEMBERSHIP DRIVE, SPECIAL EVENTS AND SEMINARS

The Chapters and Local Districts must submit a formal request to COA Ontario for the following:

1)  A plan for their membership drive in their local District

2)  A plan for potential seminars and potential locations for same

3)  The COA Mentor program will be contacted for assistance at any time

4)  All COA membership fees msut be payable to COA Ontario

ADDRESS AND BANKING

1)  The Chapters and Local Districts must create an address to serve the new Chapter and/or District, a post office box is recommended to avoid address changes

2)  Set up a bank account in the name of the Local Chapter and/or District.  Identify two or three of the organizing committee to have signing authority

Please proceed to:   "Maintaining Certification" for all details

Published in Uncategorized

GETTING STARTED

1)  Set a date for your first meeting with the first order of business to adopt the COA By-Laws of the local Chapter and COA Ontario.

2)  The organizing committee shall be deemed the new Board of Directors for the local District.  The Board of Directors shall vote amongst themselves for the following positions:

President; Treasurer;  Secretary and if more than three Directors; a Membership and Communications Director.

3)  Create a list of District Directors to include their Position, Name, Address, Contact Numbers and Email Address.  Provide a copy to the local Chapter and COA Ontario.

4)  Prepare a Strategic Planning seminar

The Strategic Planning Seminar should define:

  • Names of board and positions (i.e. President, Treasurer, etc)
  • Possible list of committees (i.e. newsletter, education, website, etc) and names of each committee chair
  • A List of Chapters and contact information of same
  • A List of COA Ontario Executive Directors contact information of same
  • A committee for media, press, newsletters and other means of communication
  • Name and address of bank where District account is held

District to work with Local Chapter for all Press and Media Functions and also to include:

  • Public seminars
  • Membership recruitment booths
  • Education Courses
  • Newsletter or print, TV and Radio press

5)  Certification and recertification of a COA Chapter will allow the chapter to use the COA name and logo. However upon de-certification, that right will end.

6) The COA Board of Directors shall have the right to vary any of the requirements for certification or recertification based upon the special circumstances of any chapter, from time to time.

7) COA Ontario Board of Directors shall have the right to change and/or adjust requirements for certification or recertification based upon the circumstances of any chapter and/or District from time to time.

8)  COA Ontario Board of Directors shall have the right to implement related costs for membership of the related Chapters and Districts.

9)  Websites:  Please Note: COA Ontario will include a Chapter web site page for new Chapters upon certification and the local Chapter will include a District site page for new Districts.  The chapter will be responsible for adding content and monitoring the site for all Districts associated with that Chapter.   A Chapter can create its own web site at any time but must obtain approval from COA Ontario and ensure the design is in keeping with the layout and standards of COA Ontario.  In the event that a Chapter creates its own web site, that Chapter will be solely responsible for any costs.  COA Ontario is to have full right to link directly to all associated Chapters and if applicable their websites.

Districts Websites:  A District can create its own web site at any time but must obtain approval from their local Chapter and COA Ontario to ensure the design is in keeping with the layout and standards of COA Ontario.  In the event that a District creates its own web site, that District will be solely responsible for any costs.  COA Ontario is to have full right to link directly to all associated Districts and Chapters (if applicable

Please proceed to:   "Bylaws & Procedures" for all details

Published in Uncategorized

FINANCIAL STRUCTURE OF A CONDOMINIUM

What determines your Maintenance Fee?

The Condominium Financials includes the operating budget, surplus of funds, contingency funds and the reserve funds of the Corporation.  The maintenance fee for each unit is assessed in relation to the square footage of the unit, parking and locker (if included).  The Budget will include all of the expenditures based on a fiscal year of operations.

Published in Blog
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