Strata Property Management

Managing a strata corporation is a lot of work, and for many strata council members, it's a thankless job that takes a lot of time and presents numerous challenges. Fortunately, our monthly fees are very reasonable, making professional management of your strata property an economical choice.

CML Properties has extensive experience operating strata corporations of all types. Our property managers are well versed in the Strata Property Act and other legislation pertaining to strata living.

A brief summary of the services we provide for strata corporations can be found below:

• Professional guidance and advice regarding strata living;
• 24 hour maintenance staff available for emergencies;
• Regular office hours for residents;
• Pre-authorized bank payments for strata fees;
• Cost savings benefit from our vendors - volume purchasing discounts;
• Building and grounds maintenance;
• Enforcement of bylaws and rules at the direction of council;
• Register bylaw changes at Landtitles;
• Arrange for ongoing service contracts;
• Attend and advise at council meetings and Annual General Meetings (AGM's);
• Record council and AGM meeting minutes;
• Follow up on arrears and collect bad debts;
• Prepare monthly and annual financial statements and budgets;
• Reconcile bank balance;
• Process invoices, verify accuracy;
• Issue and mail cheques;
• Deduct necessary taxes, payroll services and remittances where required;
• Prepare T-4 slips at year-end;
• Obtain quotes and manage major upgrades for a reasonable fee;
• Coordinate appropriate insurance coverage.

If you are interested in any of the above services or require further information please contact us directly. A free customized proposal for any of the above services will be provided upon request.