A board of directors is a group of people who oversee the activities of the Condominium finances, filings, and building(s). At it's heart, it's a non-profit corporation.
Why does someone become a "Condo Board Member?" Lots of reasons; from personal growth to community contribution.
Top Ten Traits of Directors we see in high-performing condominium boards.
Condo Board Directors have more liability and risk than ever before, and with more complex problems and reporting requirements. Discover how Magnum York can help you learn about monthly reporting and your team.
A great board runs in periodic cycles (monthly for bigger condominiums); with board meetings structured around reviewing last months status, current business, and requirements for work until next month's (or next quarter's) meeting.
Phasing in over several years, for Condo Board Members, Alberta’s new Bill 9 requires heightened diligence due to higher accountability, transparency and potential personal liability.
These are challenging times with a lot of change. That’s why Magnum York has been adapting by investing in systems, tools & our people to ensure consistency, reliability, and responsiveness in your property management.
Condo Boards are also experiencing change, with board members retiring or with short terms, and dealing with more complicated governance than ever.
Magnum York serves over 750 properties in 14 cities from our offices in Calgary, Edmonton, Red Deer, Olds, Ft. McMurray, and Medicine Hat. With 13 RECA licensed property managers and supporting staff across Alberta, we’re proud of our reputation of helping Albertan Condominiums for 30 years.
If we currently serve your property, THANK YOU! If you don’t have Magnum York as your Property Manager, maybe it is time for change? Go to magnumyork.com/proposal to get a no-obligation proposal on what we can do for your property.
Get a better understanding of how to read your Condominium Financial Statements and Auditor’s Reports with our 8-Page QuickGuide for Condo Board Members.