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Your Operating Agreement
Almost all housing co-operatives that have received assistance under federal programs in Canada have, or once had, an operating agreement with Canada Mortgage and Housing Corporation (CMHC). The CMHC agreements set out what each party is required to do during a term that varies from 30 to 50 years.
Your Insurance and Legal Grow Ops
Under new federal rules introduced in August 2016, landlords have little recourse if a tenant is growing licenced medical marijuana in their unit. There’s a risk, though, that insurance policies will not cover damages from any activities deemed ‘high risk’, and, in most cases, the operation of a
Replacement Reserve Spending Form
Request for Building Condition Assessment Bids Template
Inspection season starts this month
In the coming months, a property-inspection firm hired by the Agency will be reaching out to some coops to set up a time for an inspection. Each year, a sub-set of Agency clients welcomes an inspector to conduct a visual inspection of their property.
If your routine inspection was scheduled for
Year-End Filings Coming Due? Things to Remember
Getting your year-end filings done on time is good for everyone! You’ll fulfill your co-op’s legal obligation and get your Agency performance reports that much sooner. Also, Agency staff would rather do other things than hound you for documents.
Here are a few helpful reminders for you when your
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.