Professional Documents
Culture Documents
Condominium
Condominium
Homeowners association (HOA): (i) It is created at the start of a real estate development to fund
the maintenance of features.
(ii) It is formed under Company Act
(iii) Owner pay fee annually/monthly
Creations of Condominiums:
i) Created by developer
ii) The plan is 2 or 3 dimensional that outlines the size, location and boundaries of the land
iii) The plan also divides the property into units and common areas
Condominium Structure:
Plan
An Alberta Land Surveyor creates a Condominium
plan
Registration
Number
Corporation
Board of Directors: Once elected, notice of the names and addresses of all directors must be filed
with Alberta Land Titles within 30 days.
Directors who are not designated officers of the condominium corporation
are often referred to as members-at-large. A member-at-large usually focuses on how current or
proposed actions may affect the unit owners and may head a specific committee (e.g. welcoming
committee, social committee, landscaping committee)