Now that the Standing Committee on Finance and Economic Affairs has concluded its public hearings and shifts to a line-by-line review of Bill 106 (of which Schedule 2 contains the proposed Condominium Management Services Act, 2015), we hasten to finish our review of the proposed CMSA.
As reported in a previous instalment, obtaining and holding a license is just the first hurdle for condo managers and management providers and is the first round of protection for condo corporations and unit owners. The CMSA creates a number of new obligations that go a long way to addressing some of the long-standing complaints about condo managers and many common problems. In this piece, we will summarize the major new obligations for licensees that this bill will create. Continue Reading Introducing the Condominium Management Services Act, 2015 — Part 7: New Obligations