One of the requirements of condominium possession is to pay a month-to-month price of condominium, which covers general repairs and maintenance to the widespread areas of the advanced and (hopefully) create a money reserve for future needs. Many condominium communities supply facilities (swimming pools, playgrounds, tennis courts, and many others.) that may otherwise could not afford. The Canadian Condominium Institute, South Alberta and North Alberta Chapters provide a sequence of seminars that are perfect for condominium boards. The bottom line is that the bylaws of a condominium regulate the ability to have or not have pets throughout the property boundaries.
This signifies that if a condo has a whole bunch of hundreds of dollars in the reserve account, they can solely spend it on the road” (using this example) they usually cannot switch the money to the operating fund or return it to the house owners. If there is an …
