Guide to Condo Living – How Are Condo Fees Calculated?

How Are Condo Fees Calculated? Compared to mortgage payments, condo fees (legally referred to as condominium contributions in Alberta) are more complex, more variable and can be subject to change more readily. Once your mortgage amount has been established, the term, payment schedule and interest rate are the key variables that will alter what the…

Guide to Condo Living – Fall 2019

Introduction Welcome to “Guide to Condo Living” created specifically for condominium owners as well as prospective owners. Currently over 25,000 condo owners are members of CCI North Alberta either as an owner in a condominium corporation member or as an individual member on their own. With the assistance of our Condo Owner Initiative committee, we…

Renting Out Your Condo

by Judy Downey A condo owner renting a condominium unit to residential tenants must be aware of the rights and obligations as a landlord pursuant to both the Residential Tenancies Act (RTA) and the Condominium Property Act (CPA). The Alberta Residential Tenancies Act and Regulation outlines the rights and obligations of landlords and tenants, and…