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Shared Facilities Governance Guidelines

Shared facilities are typically governed by a shared facilities committee that is composed or directors and owners from the various sister condominium corporations. The committee’s job is not easy. They need to balance the interests of multiple unit owners from a variety of condominium communities. These communities can consist of people from all walks of life who differ in age, background, family size and marital status among other things. Differences are what make a condominium community great but they can also make the job of the shared facilities committee more challenging. The challenges are further multiplied when residential and commercial condominiums share facilities (for further information about commercial condominiums click here. They are all the more difficult when the shared facilities agreement is silent on the committee’s duties, powers and role as a governance body.

At GMA, our condolawyers have a developed a solution. We have created a unique set of Governance Guidelines to assist a shared facilities committee in doing its job. The Governance Guidelines fulfill to the same purpose as an individual condominium corporation’s General By-Law. The Guidelines speak to issues like:

• Committee Duties and Powers;
• Duties of a Shared Facilities Property Manager;
• Signing Authority and the Ability to Bind Sister Condominium Corporations to Shared Facilities Contracts;
• Committee Member Qualifications and Meeting Procedure;
• Shared Facilities Budget Approval;
• Shared Facilities Banking and Reserve Fund Requirements;
• Insurance for Shared Facilities; and
• Shared Facilities Dispute Resolution Amongst Sister Condominiums.

The Guidelines are designed to pick up where a shared facilities agreement leaves off. Contact one of our condolawyers if you think Governance Guidelines can help you.