Condominium Course - Day 1 of 2

THE 2-DAY CONDOMINIUM COURSE

October 28th and November 4th, 2017

The ONLY Condominium Course available to owners, directors and professionals in the condominium arena.

In this course you will cover:

Condominium - The Director's Role?
This introductory session will deal with a wide range of condominium terms and definitions. Using the Condominium Act, 1998 as a guide, participants will receive an overview of a declaration, by-laws, rules and regulations. The session will focus on the nature and creation of a condominium, how it operates and the roles, powers, responsibilities and liabilities of the Board of Directors.

Condominium Management
Hear an overview of what a condominium manager actually does and his duties, including the handling of legal issues, enforcement of the Condominium Act and by-laws, coordinating all financial dealings, and communicating with owners. The different types of management will be explained and the advantages and disadvantages of each outlined. Learn how to "direct" the manager to ensure that your condominium community is properly cared for.

Insurance (Corporation Requirements, Claims & Risk Management)
This session will help you understand the insurance requirements needed to fully protect your condominium and yourself as a Director. Questions of insurance claims, deductibles, appraisals and risk management will be addressed.

Budget and Finances
This session unravels the complexities of accounting for condominiums. It makes sense of common element assessments, allocation of expenses, internal controls, the budget process and choosing investments. You will also learn the role of the auditor and his relationship with the Board and Treasurer. This will be your opportunity to learn about the relationship of the various numbers in a financial statement to each other, and you will walk away with the ability to read and understand a financial statement.

Reserve Funds Studies
The all-important reserve fund, as stipulated in the Condominium Act, 1998, is discussed during this session; including the legal obligations to establish and maintain one for major repair and replacement of common elements and assets. Learn how to implement a long-term plan and the effect of inflation and interest rates on cash flow projections. Delve also into what makes a valuable reserve fund study. Discuss the scope and format of these studies and who should conduct them. This session will review director's responsibilities. Indispensable information for the Director!

Physical Building Management
This session explores the effect of proper maintenance in avoiding expensive repair/replacement of garages, balconies and mechanical/electrical systems. Examine the aging process of townhouse and high-rise condominiums and review the process of awarding contracts. This session will review director's responsibilities, including a review of a number of additional Acts and Statutes that come to bear on work being done or decisions within a condominium community. Aside from the Condominium Act, there are other provincial and municipal documents that service providers and condominium Boards should be aware of, not only from the aspect of compliance, but also to learn of available assistance.

Effective Meetings
This session demonstrates how to hold and how to chair a successful condominium AGM, Requisition, Special, Turnover and Directors' meeting. Who can attend? What does the Condominium Act, 1998 say about notice, quorum, proxies and other meeting requirements? Learn how to prepare and properly handle typical meeting problems and disruptions. Learn the legal requirements for elections and owner-occupied Board positions.


Other Information

Cost

Plan for sessions of the 2-day Condominium Course on Saturdays October 28th, and November 4th to begin at 9:00 a.m. and go until 5:00 p.m. (Sign-in with coffee & treats begins at 8:30 a.m.) All sessions are held in London, Ontario at the Mocha Shrine Centre, 468 Colborne Street (near corner of Queens Avenue & Colborne Street). Parking can be found at the rear.

Course Material

Refund Policy

  1. If the cancellation of a registrant is received 14 days prior to the starting date of the course, a full refund will be given.
  2. If the cancellation of a registrant is received less than 14 days prior to the starting date of the course, a credit for the cost of the course will be issued for a future Condominium Course (the difference in a subsequent course to be paid at time of registration).
  3. If a registrant has not cancelled and does not attend the course, no refund or credit will be issued.

If you have any questions, please Email the Administrator: ccisw@cci-sw.on.ca.


How to register?

Advance registration (with this form) and payment is required no later than OCTOBER 13th, 2017. To register for the Condominium Course, simply download our Registration Form (PDF format), print it, and mail your completed form along with payment to:

CCI-London & Area Chapter
P.O. Box 51022
1593 Adelaide Street N.
London, ON N5X 4P9
Tel: 519-453-0672


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© 2017 CCI London and Area Chapter
P.O. Box 51022, 1593 Adelaide Street N., London, ON N5X 4P9
Tel 519 453-0672 Email ccisw@cci-sw.on.ca