Inaugural Blog Posting - Condominium Classification
Posted on August 10, 2009 at 06:20 PM
I’m pleased to post the first entry to our Condo Law BLOG and invite your comments. There are many newsworthy and interesting topics to discuss but the concept of “Condominium Classification” seems to have sparked much interest and response to my recent editorials in CondoVoice. Regardless of one’s position, the topic is clearly gaining attention. A classification system is not new for commercial properties and hotels. The concept of “Condominium Classification” is similar and aims to set standards based on an objective assessment of the following categories:
1. The physical state of the common elements;
2. The financial health of the condominium corporation; and,
3. The quality of the building and the common elements.
The classifications ought to maintain certain standards in order to ensure investment values. The concept does invite discussion over the definition of the standards and issues relating to enforcement and accountability. Click here to read full text of my editorial relating to Condominium Classification.
Condominium Classification
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- Inaugural Blog Posting - Condominium Classification
Categories
- Employment / Labour
- Condominium Corporate Law
- Condominium Act, 1998
- General Interest
- Condo Litigation
Tags
- Mould
- Asbestos
- Religious Decorations
- No Smoking Rule
- Fraud
- HST
- holiday decorations
- Insurance Claims
- Meetings Code of Conduct
- Snow Removal
- McMahon Hot Tub Case
- Home Renovation Tax Credit
- Mandatory Metropasses
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- Closing Adjustments
- Alterations
- McMahon Hot Tub Case
- Protecting Owners' Interests
- HST
- Water Supply By-Law
- Condominium Classification
- Unions
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- Condominium Act 1998
- Insurance deductibles
- Blanket Alteration Agreements
- Corporate Policies
- organizational by-law
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- By-Laws
- Recycling
- Purchasing a Condo
- Federal Changes to Mortgage Rules
- Reserve Funds
- Smoking
- Occupiers Liability
- Slip and Fall
- Preventative Measures
- Decision Making
- Case Summary
- Ontario Government
- Condominium Resident Questionnaire
- Buying a Resale Condominium
- Buying a Condominium from a Builder
- Condominium Maintenance and Repair
Name: anonymous , December 27, 2009 at 09:30 PM
How does classification help the public - who really cares anyway?
Name: anonymous, December 27, 2009 at 09:29 PM
The Government really does not care about the decline of condos and therefore has not shown any interest in legislating classification
Name: anonymous 2, November 15, 2009 at 09:40 PM
I'm Looking to buy a condo and there is no classification of these bulidings in Toronto. There should be because the status certificate really does not say much on the class of the building! Realtors are not that much help and they can be biased.
Name: Anonymous, October 06, 2009 at 02:45 PM
Has the provincial government shown any interest in amending the Condominium Act to introduce a classification scheme? Who should I contact in government to voice my support for this idea?