A condominium owner recently asked Pivotal Property Management the following question: “What type of insurance do I need to purchase for my condominium?” This is an excellent question! Many condo owners scrambled to ensure that they have the necessary insurance coverage after a recent fire at Heatheridge Estates, an 80+ unit condominium complex on Edmonton’s south.. read more →
Condo fees are part of the lifestyle when an individual decides to enjoy the ownership of a condominium. Whether it’s an investment property or their own home, the condo fees are used by the condominium corporation to maintain the property and to protect all of the owners’ investment in the corporation. A primary responsibility of.. read more →
Your condominium corporation reserve fund should be the most important financial issue that concerns your Board. The status of the reserve fund can drastically influence the value of your investment in the condominium corporation. Financial planning for your reserve fund should be a main focal point for your property manager. They should be able to offer.. read more →
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