New Regulations for Condominium Managers
As many of our readers know, the licensing requirements for condominium managers under the Condominium Management Services Act, 2015 (CMSA) came into effect on November 1, 2017. As the Ministry moves forward with this new legislation, new regulations supporting the implementation of the CMSA are being introduced, including the following two regulations that are set to come into force on February 1, 2018:
Regulation 3/18 under the CMSA contains the finalized Code of Ethics for Condominium Managers as well as details and procedures respecting the Discipline and Appeals Committees (which will be dealing with complaints made against Ontario condominium managers).
Regulation 4/18 under the CMSA deals with a number of matters, namely:
- Regulations respecting Complaints;
- Managers’ obligations in relation to insurance;
- Managers’ obligations to make Disclosure to their clients;
- Managers’ obligations in relation to records of their clients;
- The obligations of condominium management providers to supervise their employees who are limited licensees.
For those of you following the legislative changes, these two new regulations are the finalized versions of the proposed regulations circulated by the Ministry in August 2017 that we reported on here. With these finalized regulations, the new obligations of Ontario condominium managers are gradually coming into sharper focus.