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 set new limits on estoppel certificate fees and rental deposits. They also give condo corporations more flexibility to borrow money.
What Could Change
The regulations are now in force. Key changes include: estoppel certificate fees up to $200 (or $300 rushed), rental deposits capped at $1,000 or one month's rent, and condo corporations can borrow up to 15% of annual revenue by default. Boards no longer need to provide 60 days preliminary AGM notice.
Key Issues
- What administrative requirements should be reduced for condo boards?
- What fee limits should apply to estoppel certificates and documents?
- What borrowing limits should condo corporations have?
- What deposit limits should apply when owners rent out their units?
What Happened
The governance regulations consultation is complete. Revised regulations came into force on January 1, 2020, reflecting feedback received during summer 2019 consultations. Changes reduced administrative burden on condo boards while maintaining protections for owners.