Condo Law at Fine & Deo
Fine & Deo is located in the Greater Toronto Area, Ontario, Canada. Our firm has nine Toronto Condo Lawyers specializing in all areas of Condominium Services, Litigation and Real Estate Development Law. We represent hundreds of condominium corporations and their boards of directors, in addition to individuals and corporations with a wide variety of litigation and real estate matters as well as residential subdivision development. Our Lien Department guarantees same day registration of requests received by 3:00 p.m. - click to access our Condo Lien Form.
As a leading Canadian condominium law firm, we specialize in all areas of condo law. Fine & Deo is the original boutique Ontario condo law firm comprised of lawyers dedicated exclusively to servicing the needs of condominium boards and corporations. Our Ontario condo lawyers' innovative approach and use of technology ensures we are uniquely positioned to meet the needs of each client. We provide prompt, experienced and cost effective service to our clients located throughout the Greater Toronto Area (GTA) and southern Ontario including Vaughan, Barrie, Brampton, Mississauga, Oakville, Hamilton, Kitchener/Waterloo, London, Kingston and Ottawa.
Condo Law BLOG
Government gives more time to "top up" reserve funds
Posted on February 23, 2010 at 02:14 PM
John Moher
We have learned that CCI and ACMO successfully negotiated an extension to the requirement found in section 33(2) of O.Reg. 48/01 made under the Condominium Act, 1998 (the “Act”) which provides that condominium corporations registered before May 5, 2001 “top up” reserve funds within 10 years of the date on which an initial reserve fund study is conducted.
The change gives condominium corporations registered before May 5, 2001, 15 years from the date on which an initial reserve fund study is conducted to adequately fund reserve funds in accordance with section 94(8) of the Act, up 5 years from the current 10-year requirement.
According to a CCI/ACMO joint announcement, the government believes this change will give condominium boards more flexibility with their budgets and assist in taking some pressure off the need to increase common expenses, or to specially assess unit owners.
The change should also assist in reducing the impact of HST on pre-new Act condominium corporat... (continued)
Reserve Funds
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Condo Law News
Fine & Deo, Second Annual Invitational Golf Tournament
The Annual Fine & Deo Invitational Golf Tournament is a tribute to our business associates in the condominium industry.
This year's tournament was held on June 19, 2010 at Oakdale Golf and Country Club and was a resounding success.