
F & W Property Management Ltd.
1487 Ottawa St. S.
Kitchener, Ontario
N2G 3WL
Phone: (519) 749-8407
Fax: (519) 749-0189
Email: info@fandw.ca
Operation
- Arrange for the purchase and or repair of all Condominium owned equipment
- Establishment in conjunction with the Board of Directors and in accordance
with the Standard Unit by-Law and the Reserve Fund Study, preventative and
long term maintenance programs
- Oversee and supervise (as required from time to time) all property maintenance
programs and contracts
- Enforcement with the boundaries of the Federal, Provincial and Municipal
Governments pertaining to the Declaration, B-Laws and Rules and
Regulations of the Condominium Corporation
- Suggest recommendations and improvements on how to improve upon existing
existing contracts, by-laws and rules and regulations
- Carry out all directives as issued by the Board of Directors within budget
guidelines
- With the Board of Directors once yearly, conduct a major site inspection
- Complete regular site inspections through-out the year
- Prepare for the Board of Directors a report to review property deficiency list
list of repairs that were completed with Board approval and within the budget
guidelines
Maintance
- Provide general maintenance worker for general maintenance in and around properties
|
Financial
- Preparation of annual report for the auditor
- Preparation of monthly financial statements for board review and approval, detailing budget variances, monthly disbursements, bank balances, reconciliation, arrears, balance sheet, payable/receivable ledger
- Reserve fund statement
- Long term planning in accordance with the Reserve Fund Study
- Collection of common expenses
- Payment of accounts as approved and directed by the Board of Directors
- Budget control to ensure compliance with expenditure guidelines
- Automatic withdrawal service for unit common expense payments and special assessments
- Visa is also available to pay common fees and special assessments
- Arrears are sent to the solicitor in compliance with the Condominium Act on a monthly basis or as directed by the Board of Directors
Administration
- Office Secretarial duties at no charge to the Condominium Corporation
- Recording secretary for Board meetings and Annual meetings can be
arranged for an additional cost
- Obtain quotations for all contracts including insurance
- 24 Hour emergency service
- Attendance at all Board meetings and Annual Meetings or Special
meetings of Owners
- Provide a monthly Property Manager's Report
- Prepare at the expense of the Condominium Corporation Newsletters
and general memos
Insurance
- Provide proof of insurance liability, errors and omissions, works compensation (where applicable)
Out of Pocket Expenses
- Out of pocket expense are to be paid monthly by the Condominium Corporation or as billed for items such as copies stamps, etc.
|