THE 2-DAY CONDOMINIUM COURSE

The Ultimate Condominium Program

• Completely updated to reflect the important legislation in the new proclaimed Condominium Act, 1998.
• A must for all condominium directors, professionals and condominium owners who are potential directors or those who simply want a better understanding of the way condominiums function and should operate.
• Packed with up-to-date information vital to condominium boardrooms and property management offices.
• A group of experienced and high profile professionals … the experts of the condominium industry teach the course.
• A practical, hands-on course developed by the Canadian Condominium Institute designed to reduce the risks of condominium ownership by equipping condominium corporation directors with the specialized management skills they need, and to assist professionals with their tasks.

In this course you will cover:

Part One: 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.

Part Two A: Insurance
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 and appraisals will be addressed.

Part Two B: Property Management
Hear an overview of what a property manager actually does and his duties, including the handling of legal issues, enforcement of the 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.

Part Three: Dollars and Sense - 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.

Part Four: Reserve Funds
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!

Part Five: 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.

Part Six: 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.

Course Material

• A binder of handout materials is included in the price, reflecting the Condominium Act, 1998.
• A handbook copy of the Condominium Act and material specific to each session, plus other useful handouts provided by the guest instructors are included in the price.
• A course certificate will be provided to any individual having successfully attended all 6 parts of the Course.

Cost

• $195.00 CCI Members
• $390.00 Non-Members
• [A light lunch and 2 coffee breaks will be provided each day.]

How to register?
Advance registration and payment is required no later than September 23rd, 2011. 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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