Alberta is Looking to Change Condominium Property Act
The province of Alberta is looking to get your opinion on some changes to the Condominium Property Act. Whether you're an owner, property manager or a board member, the province wants to hear your voice.
Minister of Service Alberta Manmeet Bhullar says one of the many changes they want to make, is through how people file complaints. "We can better dispute resolution processes. So instead of a condo owner having to take their condo board to court over a $600 issue. Maybe there's a better way to deal with that." Bhullar says the act hasn't been changed in "a number of years." Bhullar adds when some owners want financial records of the condominium associations, it would cost them 11 hundred dollars and "that needs to change." (no kidding)
Having sold multiple condos in my 8 year REALTOR® career, getting condo docs has always been a challenge. I'm always astonished what the management company charges as well as their timeline to get all documents (including financial statements) and realized every management company is different. Still, seeing the sellers pay up to $350 for documents has always concerned me. Hopefully, once all data has been tabulated, there will be some positive changes. If anyone wants their say for a change to the Condominium Act, I really encourage you to contribute by going to this survey.
What changes do you want to see?