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Emerald Management and Realty Ltd.'s Blog

Founded in 1972, Emerald Management and Realty Ltd. has offered services in the greater Calgary real estate market for more than 35 years.

Tag Archives: Condominium Boards

Emerald Management & Realty Ltd. provides quality rental properties in the Calgary, Alberta, area. In addition, Emerald Management & Realty Ltd. offers full-service property management services for multiple property types, including condominiums. The company also makes clients aware of the value of a strong board of directors in condominium communities.

For condominium communities, a board of directors is a governing body elected by condo owners. The board has responsibility for running the corporation and managing the property, which they may outsource to professional property managers. Proactive boards arrange for routine inspections and set priorities for repairs and improvements. In addition, the board addresses issues that arise within the community, such as building damage or disruptive residents.

In condominium communities, owners pay an annual fee to fund repairs and other necessities. Establishing an annual budget, setting the yearly fee, and handling the condo association’s financial resources are other focus areas for the board.

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