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ARTICLE · 24 APRIL 2020

Condos & Covid - Common Expense Relief?

The economic impacts of Covid-19 have Condo Boards asking "Can we give unit owners a break on their common expenses?"

CanadaReal Estate and Construction

The economic impacts of Covid-19 have Condo Boards asking "Can we give unit owners a break on their common expenses?" Unit owners are required by section 84 of the Condominium Act, 1998 (the "Act") to pay their common expenses. At the most basic level, a Condo needs enough money coming in to pay its utility bills (lights, heat, cooling, water) repair and maintain the common elements, and to pay its suppliers. Collecting common expenses, putting a portion into the reserve fund, and enforcing liens are duties of a Condo and its Board, required by the Act and a Condo's Declaration and By-Laws.

There are three main ways a Condo could give unit owners a break on their common expenses: 

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