Alberta

Alberta’s condominium laws have a number of unique features, including:

• Short-term rentals: evolving municipal rules on short-term rentals.
• Reserve fund: Alberta law requires condominium corporations to maintain a reserve fund that is equal to at least 5% of the replacement cost of the condominium complex. This helps to ensure that condominium corporations are financially prepared to cover the costs of future repairs and maintenance.

Condominium reviews are important in Alberta for the same reasons that they are important in other provinces. Condominium documents can be complex and difficult to understand, and it is important to make sure that you understand the rights and responsibilities that come with owning a unit in the building.

A condominium review can help you to identify any potential problems with the condominium complex, such as financial shortfalls, upcoming repairs or maintenance projects, or non-compliance with applicable laws and regulations. This can help you to avoid costly problems down the road.

If you are buying or selling a condominium unit in Alberta, CondoDR can provide you peace of mind with our review.