Inaugural Blog Posting - Condominium Classification

Time January 15, 2010 User Mario Deo Email Print Comment 0 Comments Share Link

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.

Tags: condominium classification
Categories: Employment / Labour

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