THE 2-DAY CONDOMINIUM COURSE
November 5th and November 12th, 2016
The ONLY Condominium Course available to owners, directors and professionals in the condominium arena.
- 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 condominium 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:
- 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.
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.
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.
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.
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!
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.
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.
- $200.00 CCI Members
- $410.00 Non-Members
- [A light lunch and 2 coffee breaks will be provided each day.]
Plan for sessions of the 2-day Condominium Course on Saturdays November 5th, and November 12th 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.
- All material will be provided to the participant.
- A course certificate will be provided to any individual having successfully attended the Course in its entirety.
- If the cancellation of a registrant is received 14 days prior to the starting date of the course, a full refund will be given.
- If the cancellation of a registrant is received less than 14 days prior to the starting date of the course, a credit for the value of $390.00 of the course will be issued for a future Condominium Course (the difference in a subsequent course to be paid at time of registration).
- If a registrant has not cancelled and does not attend the course, no refund or credit will be issued.
Note: This course was approved by the Registrar of the Real Estate and Business Brokers Act, 2002 to qualify for Continuing Education (CE) credits. The total value of the Condominium Course is 12 CE credits. There is an additional fee of $25.00 for the administration of CE credit certificates, (for realtors only) regardless of membership status.
If you have any questions, please Email the Administrator: firstname.lastname@example.org.
How to register?
Advance registration (with this form) and payment is required no later than OCTOBER 28th, 2015. To register for the Condominium Course, simply download our
(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
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