When a condo manager's licence is suspended: context for owners
Some owners in our network live in buildings whose condominium management provider has had its licence suspended. Understandably, owners have questions. This post shares general background and pointers to public sources. It is not legal advice, and every corporation's situation is different.
Who licenses condo managers
In Ontario, condominium managers and condominium management provider businesses must be licensed by the Condominium Management Regulatory Authority of Ontario (CMRAO). The CMRAO keeps a public registry where you can check a manager's or company's current licence status:
Why owners are paying attention
Condo fees (common expenses) and, in some buildings, rents or other funds are often collected and handled by the management company on behalf of the corporation. When a provider's licence status changes, owners reasonably want to know how their corporation's funds are being handled and what their board is doing about it. Good first steps are to:
- Read any notices your board or the CMRAO has sent.
- Ask your board, in writing, how common expenses are being collected and held.
- Keep copies of your fee statements and payment records.
Engaging condo counsel together
A group of owners is coordinating an expression of interest to jointly engage condominium counsel at Levitt Di Lella Duggan & Chaplick LLP (LDDC Lawyers) to act quickly for affected owners. Signing up is not a retainer and is not binding. LDDC will contact you about terms before anything is owed.
Questions? Contact us or email owners@condoownersnetwork.com. To hear about developments, subscribe to updates.