Alberta Condominium Rules Consultation
Official title: Condominium rules consultation
Why This Matters
Own a condo in Alberta? These rules affect your fees, your board's powers, and what happens when you rent out your unit. The changes mean higher fees for some documents but less paperwork for your condo board. If you're a landlord renting your condo, the deposit rules have changed too.
What Could Change
These changes are already in effect as of January 2020. Estoppel certificate fees jumped from $100 to $200 (or $300 if rushed). Condo corporations can now borrow up to 15% of annual revenue without special approval. Rental deposit maximums are set at $1,000 or one month's rent. Boards no longer need to give 60 days' notice before AGMs.
Key Issues
- What fees should condo corporations charge for documents and certificates?
- How much should condo corporations be allowed to borrow?
- What notice requirements should apply to annual general meetings?
- What deposit limits should apply when condo owners rent out their units?
What Happened
The governance regulations consultation was completed in summer 2019. Based on feedback received, revised governance regulations came into force on January 1, 2020. The revisions aimed to ease administrative burden on condo boards and corporations while protecting condo owners.