With a view to have a common set of Condo owner rights in
Ontario, Canada, they established the Condo Owner Association. This association
contains the condo owners who are responsible to forward suggestions and take
decisions keeping everyone’s preferences in mind. They are all a part of the
condominium corporation that is responsible to part take in the elections held
for the Board of Directors. A number of developers offering condos for sale in Ontario
introduce their set of rules and regulations set for a Condo Owner Association
to follow.
The association is formed in order to discuss the main issues
regarding the condominium. There are 5 different kinds of condo corporations
that are developed to discuss issues such as common ownership of land; building
or both are also considered. A condo association keeps a watch on the
accountability, governance and transparency of Bard of Directors, Owners,
Lawyers and the Project Managers. This Association also looks into matters such
as whether the points mentioned in a Condo Act are followed and also whether
the further plans are taken abiding to these points.
Each Condominium Corporation or a Condo Owner Association has
a different goal depending on the requirement and the ways of operation. New condos for sale in Ontario are offered with the freedom for the unit owners to
make up their own association within which they could discuss common issues of
the entire building or a part of it. These associations are formed for the
betterment of each one living there. It is a way of coming forward and sharing
each ones concerns and collectively bringing up a solution for the same. Being
a part of such an association would not let anyone feel left out and in fact
encourage them to be a part of a united community.
Thus, a condo owner association is nothing but a group of
condo owners who would wish to be together, have regular meetings and also be a
part of the important discussions where decisions regarding to the working and
operation of the condominium are taken.
