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GST/HST Rebates: Is Your Housing Co-op at Risk of Losing Them?
The Co-operative Housing Federation of Canada (CHF Canada)’s new bulletin helps federal co-ops determine future eligibility and access to GST/HST Rebates after operating agreements end.
Coverage for Loss of Housing Charges
Being under-insured puts a co-op at risk. Insurance protects against a misfortune that strikes without warning. In a housing co-op anything can happen, from a fire - several major fires have occurred over the past few years - to a staff person or president gone missing, along with the entire capital
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
Information Worth Paying For
By this time, all Agency clients know that we encourage you to invest in—or update—a building condition assessment (BCA). If you are refinancing, your co-op will also need environmental testing and an appraisal from a firm acceptable to the lender you are approaching. What you may not know is that
Recouping your Loss from Fraud
The Agency has discovered that some housing co-operatives victimized by fraud are unable to collect on their insurance because they miss the deadline for reporting their loss. Others don't try to make a claim out of the mistaken belief that a claim won't succeed without a criminal conviction.
Our
Q&A on Insurance for Housing Co-operatives
Q&A on Net Operating Revenue
Borrowing
As you come to the end of your mortgage, or earlier, your housing co-operative may need to borrow new money. The property may need more work than the capital replacement reserve can fund. Or you may have been looking forward to updating the older elements of your buildings and units. Some co-ops
Q&A on the AIR for Co-operatives
Tip of the Month
Good Vacancy Loss
Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.