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.
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