The Canadian Condominium Institute (CCI) is an independent, non-profit organization formed in 1982 to represent all facets of the condominium/strata community. It has 17 Chapters across Canada. [1] [2] [3] [4] [5]
Toronto property manager David Medhurst established the CCI in November 1982 with Alvin Rosenberg (his law firm incorporated CCI), Beth Shier, the editor of Condominium Timeshare Magazine, Jonathan Fine, a Toronto Condominium Lawyer at Fine & Deo, Edward Furlong, a condominium accounting specialist and Karl Habb, a future president of the North York Condominium Association. The first meeting was held at Toronto's Inn on the Park Hotel on November 25, 1982, and those present are considered 'founding members' of the CCI. The first CCI President was Mr. Claude Renaud and the first vice-president was Jonathan Fine.
CCI provides educational opportunities for condominium owners and directors; offers information and/or referrals to competent professionals; works to improve provincial condominium/strata legislation; and develops standards for professional members (see ACCI, below).[ citation needed ]
CCI members are of four types:
Through its membership, CCI represents over a quarter of a million condo owners across Canada.
CCI Chapters provide education for condominium owners and directors through a series of courses known as Condo 100, Condo 200 and Condo 300 (although some Chapters have added other courses to this mix). In addition, some Chapters provide seminars and workshops on topics such as insurance, mediation, etc.
The ACCI (Associate of the Canadian Condominium Institute) designation is granted to professionals in condominium matters such as lawyers, engineers, architects, and property (condominium) managers. To be eligible to become ACCIs, individuals must be professional members of CCI, have at least three years of professional condominium experience, have contributed to the condominium community by teaching courses, writing articles, participating in seminars or providing other services, and have successfully completed a thorough examination.
CCI offers three awards:
In addition to these three awards, CCI offers the Lorne Young Chapter of the Year Award and the H. Penman Smith Award for excellence for the most outstanding Chapter newsletter.
Each chapter offers a newsletter or magazine, usually on a quarterly basis, focusing on local/provincial condominium issues and Chapter news. The Toronto chapter publishes CondoVoice, an-award-winning magazine.
A homeowner association [or homeowners' association (HOA), sometimes referred to as a property owners' association (POA), common interest development (CID), or homeowner community], is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. HOAs are found principally in the United States, Canada, the Philippines, as well as some other countries. They are formed either ipso jure, or by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision.The developer may transfer control of an HOA after selling a predetermined number of lots.
A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.
Seaforth is a Southern Ontario community in the municipality of Huron East, in Huron County, Ontario, Canada.
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A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur. The reserve study consists of two parts: the physical analysis and the financial analysis. This document is best prepared by an outside independent consultant for the benefit of administrators of a property with multiple owners, such as a condominium association or homeowners' association (HOA), strata, containing an assessment of the state of the commonly owned property components as determined by the particular association's covenants, conditions, and restrictions (CC&Rs) and bylaws. Reserve studies however are not limited only to condominiums and can be created for any "common interest community" (CIC) properties such as resort properties, community/neighborhood associations, coops, etc.
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