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Condo Corporations Now Permitted to Access Reserve Funds in “Emergencies”

In a significant move for Alberta condominiums, on June 1, 2020 the Lieutenant-Governor of Alberta, the Honourable Lois Mitchell, approved an Order in Council to amend the Condominium Property Regulation, AR 168/2000. Among other slight changes to document retention periods, the amendments notably give condominium Corporations the ability to temporarily remove funds from their capital […]



This post first appeared on Field Law, please read the originial post: here

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Condo Corporations Now Permitted to Access Reserve Funds in “Emergencies”

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