
Mather Management Services
275 Ainslie Street South
Cambridge, Ontario N1R 3L3
Phone: (519) 620-8778
Toll Free: 1-877-384-7035
Fax: (519) 620-8558
Email:info@mathermanagement.com
Newsletter - Fall 2008
President's Message
Welcome to our Fall 2008 Newsletter!
It’s been a very busy year!
We are extremely happy and proud to report that we have increased our portfolio even larger than this past year. Since January 2007, we have acquired 24 new Condominium Corporations, with a total of 1056 new units.
We have recently had some changes in our Personnel.
We have hired three new Administrative Assistants.
Danica Grewal, Teresa Sutton and Leasa Galeckas.
Please see our Contacts page for information about the new
employees.
Danica will be assisting Pam and Paul with their numerous Proposals and
Annual General Meetings, as well as assisting in the Accounting
Department when needed.
Teresa Sutton will be assisting the Property Managers and assisting in
the Accounting Department when needed as well.
On behalf of the staff here at Mather Management Services, I want to say thank you for your commitment and support to our team.
It's early to start thinking about snow removal, but driving around the city over the past weekend and I saw my first truck that had the snow plough attachment on it! The white stuff will be here before we know it….
One of the major benefits to living in a condominium is the convenience of the snow removal services provided.
Unfortunately, not everyone can be the first to have his/her snow removed. As the agreements with the contractors state, there must be a minimum of 5 cm of falling snow from the beginning to the end of a snowfall for the snow to be removed. Also, contractors have up to eight hours to come and remove your snow. Remember to be patient, and the contractors will come and remove your snow as soon as they can.
Some questions and concerns have arisen with the use of salt for melting ice. One concern is that it will damage the cement. Our contractors tell us that this is true if the cement has been laid for less than 3 months. Otherwise, it is safe to use salt on your sidewalk.
Another concern is the damaging effects salt can have on the environment. It is important to remember that for insurance purposes, something must be done to prevent injuries, like those caused by slipping and falling. A good alternative to salt is calcium chloride, commercially know as 'ice melt'. It is a bit more expensive, but it is fast acting. The specs suggest that it does not damage grass and works up to -30C. The amount of salt spread is determined by current and potential weather conditions at the discretion of the snow removal company, as it is their liability and yours that is at risk.
If you have concerns regarding your snow removal, please feel free to contact the office and speak to your Property Manager. Our Receptionist, Wendy, will be happy to direct your call if you are unsure of who manages your Property.
Wishing everyone a Safe and Happy Holiday Season from Mather Management Services!
During winter snow melt, salt runs off to local creeks or makes its way into the ground where it affects our drinking water sources.
When we use salt, only when necessary and in the right amount, there is less salt to make its way into our groundwater and surface water. That's good new for everyone.
You can do your part this winter:
We all have a role to play in maintaining safe winter conditions. Remember, the more we're prepared for snow and ice, the less need we have for bare pavement. This means less salt.
Don't believe the sales pitch offering "carefree lifestyle". If nothing
else, remember that. Condominium living has its own peculiar
characteristics that do not appeal to everyone. You will be living very
close to your neighbours and cannot build a fence if you do not like
them. Also, you will own property in common with your neighbours, very
similar to becoming partners with them.
Conventional mortgages are available for condominiums, just as they are
for single family homes. High ratio mortgages (CMHC insured) may not be
available on all condos. Thus, please investigate before you agree to
purchase. This will directly affect the amount of the down payment you
have to invest yourself.
Carolin Hodges
Accounting Manager
It helps to advise potential purchasers of the names of Board Members,
Management Company and the Superintendents, if applicable.
This allows the purchasers to complete their investigation and
make their decision quickly.
This important document allows a potential investor to make an educated decision about what they are buying. The Certificate helps identify
potential liabilities and determine the financial stability of a Condominium Corporation.
proof of Insurance for the Corporation; a copy of the current budget
a copy of the most recent Audited Financial Statement
a copy of the Form 15
Notice of Future Funding of the Reserve Fund for the most recent Reserve Fund Study
a copy of the Declaration
By-Laws
Rules and Regulations for the Corporation
For further detail about the content of a Status Certificate, you may reference
Section 76 of the Condominium Act 1998.
Please note that your portion of the reserve and contingency funds do not get returned to you when you sell.
If you have any questions regarding Status Certificates, please feel free to contact the office. Our Receptionist will be happy to direct your call to the appropriate staff member.
Carolin Hodges
Accounting Manager
