Condominium Corporation: A Corporation without share capital, created under the Condominium Act for the purposes of administering the operation, maintenance and repair of the common elements and assets of the condominium. The Corporation is guided by a democratically elected Board of Directors consisting of homeowners.
Board of Directors: An elected group of homeowners whose purpose is to serve the interests of the members of the condominium corporation.
Each condominium community establishes a corporation to manage the details of shared ownership and the homeowners' needs and interests. The homeowners elect from the residents, a board of directors to oversee the corporation's business. The board sets up bylaws to ensure the safety, security and welfare of all the residents. Often sub-committees, such as a social committee or garden committee, are formed to co-ordinate specific tasks or organize special events.
You can determine the degree to which you become involved with your condominium community. You may seek a position on the board of directors, or opt to leave the decision making up to your neighbours. It's all up to you.
In a condominium, the Board of Directors appoints a professional condominium management company to manage the common elements and assets of the Condominium Corporation.
The role of the professional condominium management company, is to provide quality and timely information to the Condominium homeowners' elected representatives (the Board of Directors). This enables the Board to make informed policy decisions pertaining to the preservation and care of the common elements and assets of the Condominium Corporation, as well as the welfare, safety and lifestyle of the residents. Once the Board has made a decision, the condominium management company is delegated and entrusted with the responsibility of implementing that decision in an expeditious and efficient fashion.
The majority of Tridel Condominiums are run by Del
Property Management - the leader in Condominium Property Management for over 35 years. DEL's team of dedicated, talented, caring and resourceful staff have assisted more than 150 Condominiums and over 30,000 condominium residents.
DEL's efforts and commitment not only extend to economically and efficiently managing your home, but also to enhancing the lifestyle in your Tridel Condominium. Over the years, DEL has introduced an array of activities for your added enjoyment, as part of DEL's Condominium Lifestyle Programme. While tennis, golf and bridge tournaments have been enjoyed by Tridel residents for over 20 years, eight years ago, DEL noticed that many residents in Tridel communities have a wonderful range of artistic skills. So annually, they have been invited to DEL's "Calling All Artists" art show, which has experienced increased popularity with each passing year.
Three times a year, Tridel residents receive the unique DEL Condominium Life magazine, which over the past 18 years has kept homeowners informed and entertained. Included in this colourful glossy magazine are articles on health, decorating, fitness, finance, a pictorial coverage of annual events, special offers and feature stories of specific interest to condominium residents.
To learn more about Del Property Management, click here.
For your building's contact information please ask the concierge, or for Del Property Managed condominiums, please call 416-661-3151 or email info@delcondo.com.
Tridel homeowners click here.