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Court of Queen's Bench of AlbertaDate: 20220728 Docket: 1703 03574 Registries: EdmontonBetween: Trevor Dunn Plaintiff and Condominium Corporation No. 042 0105 and Celtic Management Services Inc. Defendants___

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What is condo corporation liable for?

Condo corporation is liable for maintaining, repairing, and insuring common elements and assets of the condominium.

Who is required to file condo corporation liable for?

Condo corporation management or board of directors are required to file the liability for the corporation.

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The liability for the condo corporation can be filled out by providing accurate financial information, expenses, and liabilities of the corporation.

What is the purpose of condo corporation liable for?

The purpose of condo corporation liability is to ensure transparency and accountability in the management of the condominium's finances.

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Information such as financial statements, budget, reserves fund, insurance coverage, and any outstanding liabilities must be reported on the condo corporation liability.

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