Shared Facilities: The Larger Community

Toronto has the largest number of condominiums of any jurisdiction in North America. Many of our condominiums have more residents than small towns. The budgets for larger condominiums can run into the millions of dollars. The job of board members and property managers is not an easy one, to say the least. To complicate matters, many corporations are part of an even larger development in which facilities such as recreation centres, parking garages, roads, gate arms, pools, party rooms, etc., are shared. These communities can have hundreds to thousands of residents.

The board of directors manages the affairs of the corporation. It is every corporation's responsibility to control, manage and administer the common elements and the assets of the corporation on behalf of the owners. Most boards carry out their obligations with the assistance of many different professionals including property managers, accountants, lawyers, contractors and engineers.