A reserve fund for a condominium in Ontario is a pool of money that is set aside by the condominium corporation to cover the cost of future major repairs, replacements, and maintenance of the common elements and assets of the building or complex. These common elements can include things like the roof, parking garage, elevators, HVAC systems, and the building’s … Read More
In Condominium Ownership, What is a Special Assessment?
A special assessment for a condo owner in Ontario is a one-time extra charge imposed by the condominium corporation to cover unexpected or extraordinary expenses that go beyond what the regular monthly condo fees can cover. This typically happens when the condominium’s reserve fund is insufficient to pay for major repairs, maintenance, or improvements that are necessary for the common … Read More
How to Fight an Eviction
Fighting an eviction in Ontario can be a complex and stressful process, but there are ways to potentially challenge it if you believe it is unjust or if you have a valid reason to remain in the rental property. Here’s a step-by-step guide on how to fight an eviction in Ontario: 1. Understand the Reason for the Eviction • First, … Read More
Moving Into a New Construction Home
Moving into a new construction house in Ontario can be exciting, but it’s also important to take care of a few key things to ensure everything is set up properly and your new home is safe and comfortable. Here’s a checklist of things to do when moving into a new construction house: 1. Inspect the Home • Final Inspection: Before … Read More
Cottage ownership and what you should know
Everyone wants a nice relaxing time at their cottage. To ensure the time at your cottage is stress free, consult a real estate lawyer to protect yourself from unexpected problems.