top of page

MOMENTUM CONDO CONSULTING 

THE strength or weakness of your condo corporation is determined only by the strength or weakness of your Board of Directors - creating standards and strengthening board practices is the only way to sustain or develop a strong, well maintained building. 

 

If you are buying a new condo you need to know how your board operates. You need to know if you have a strong experienced board of directors that works with their owners to maintain a successful corporation. The truth about the condo board is often found in what's missing rather than reviewing what is there. You need someone to read who can between the lines.    

​

At Momentum, we get it! We own a condo and we know all about condo life!  When we needed help there was no place to turn so now here we are to help you! We are your resource to help with all the condo obstacles. We want to change condo living and create inclusive communities everyone can live in comfortably and successfully. We're here to help navigate the complexities of condo living and provide you with the resources you need to make informed decisions. Buyers are afraid of purchasing condos because they are afraid of losing control over their investment. The effectiveness of a board or management company directly impacts the condo building and the owners ability to sell or rent their unit and the ability to live a peaceful life within your community.

 

Whether you're dealing with a difficult board or property management company, a new builder or owner looking to organize a new board of directors we're here to provide the support that's been missing.

 

 

                        

     Take the fear out of condo ownership! 

     

​

 

 

 

Condos are the future - Lets make our lives the best we can by ensuring we have the best and most successful condo community!

2.jpg

OUR SERVICES- we're here to help!

                   ASSESSMENT OF CONDOMINIUM BOARD OF DIRECTORS

Talk to us BEFORE you sign that offer!  We focus on the operations of the condo corporation and provide a rating of the board of directors and property management company. How would your board rate? Would they receive an A, B or C based on the democratic principals? Call us to find out - 

 

We developed a process where we review all the same standard condo documents but only we can advice you as to the strength of the board of directors. We provide you information on the unknown.  Our analysis provides a potential buyer educational tools to make the best investment decision. We determine the strength and weaknesses of a board of directors and property manager to provide confidence  to buyers. A bad condominium board negatively affects the owner's ability to sell their unit for the highest possible sale price or limits the ability to rent the unit and receive the highest possible rent. A poorly rated board negatively effect the peace and comfort of ALL owners. Let us assist you - giving you peace of mind that your new board is serving you. 

 

The focus of a good board of directors is proactively maintaining property value and serving it's owners. All good boards not only understand their roles and responsibilities they are accountable to their owners by holding annual AGMS and democratic elections to seek out the best most qualified owners for the role. 

​

             A strong board understands the importance of observing and implementing democratic practices and principals. 

​

Contact us today BEFORE you buy! - Learn more about your potential board of directors and/or property manager BEFORE you buy to protect your investment.

                                            CHANGE MANAGEMENT 

And.....YES, we're here to help at any time for owners in all stages of condo living. The majority of boards are just inexperienced but well meaning individuals and when presented with few educational materials, seminars, audits of an AGM, election or board meetings the majority of boards will adopt these practices and work together with the owners with few issues or resistance.         

 

Any one of the services Momentum offers should very quickly satisfy and alter the behavior of a majority of boards. A good board understands they are accountable to their owners and focus on maintaining property values.  Bad boards don't understand their role and responsibilities and can be destructive to a building. A bad or a poor board neglects the building and ignores owner issues and complaints. If your board has been commandeered by a small group of people, exhibits dictatorial behavior, ignoring their obligations and responsibilities, picks and choses which issues to deal with that penalizes some owners then you have a bad board and we feel for you! Dealing with bad boards requires more detailed creative solutions where we would present a plan of action that may include assisting with calling a meeting, drafting and suggesting potential resolutions, suggesting bylaw changes, assisting with solicitation of owners and other potential options to help improve your board of directors. 

 

One of our focuses right now is on Election Reform - we are seeing too many condo corporations that need duly held elections. If you think your building needs election reform call us today to discuss! We can walk you through and explain how democratic condo elections are held. 

​

Contact us today to help assess your board! We can help you create and develop standards with your board to ensure the success of your condo! We can discuss the options available to assist not only deal with a difficult board but every board needs a refresh or reforms to ensure they are following bylaws and using the  best practices. There is always room for improvement! 

 

Are you a board member and want to make sure your board is serving your community in the best way possible?

 

 We assist and suggest improvements to protect your investment and your peace of mind! 

​

                          NEW BUILDING BOARD OF DIRECTORS DEVELOPMENT 

If you are a builder or new owner and you are looking to create a new the board of directors we can help!  We can suggest best practices and bylaws to assist with the development of a democratic and successful board. We work with the owners and builders to adopt the best board practices from the very beginning to ensure that the building maintains it's standards. These services include educational materials for the board, best practices, welcome packages for new owners, election materials and procedure, emergency plans, privacy policies  and any and all services to coordinate and set up the best processes and procedures in a new condo building.

​

​

​

​

Testimonials

                                                                Testimonials 

Momentum is here with you every step of the way!

Young smiling happy positive cool woman she wears white top shirt casual clothes raise up
Young smiling happy positive cool woman she wears white top shirt casual clothes raise up

We had a difficult board of directors - it seemed our only option would be lawyers and years worth of stressful legal action. We called Momentum and within 4 months we were able to call a Special Meeting to deal with the important issues in the building! 

Owner, downtown calgary area 

Meetings and Events

Meetings and Events

Condo Buildings have many different types of meetings -AGMs, Special Meetings and  Extraordinary Meetings, Owners Meetings -    See below on tips for making your meeting inclusive and productive 

​Annual General Meetings are crucial to democracy, a condominium corporation in Alberta is required to have annual general meetings every year and at the latest 15 months from the last AGM. These are formal meetings where owners vote on all types of business such as new bylaws, bylaw changes, financial considerations, improvements, upgrades and elect a new board of directors. There are certain procedural rules boards must follow when organizing an AGM; notice must be provided 60 days prior to the AGM, this gives owners the ability to submit agenda items to the board. After the 60 days, formal notice with the agenda items must be sent to owners within 30-14 days prior to the meeting date. Make sure you are voting at your AGMs, you need to make sure the votes are counted - make sure your board is either holding elections through ballots or a counted hand vote. 

There are several types of other meetings a condo corporation holds - Special Meetings, Owners Meetings or Town Halls. It all depends on who is doing the organizing and the topics being put forward. Condo Owners should ensure that their meetings have at least the basic requirements for example: With the exception of Owners Meetings which are called by the owners and not formal, all meetings should include, if possible: scrutineers, agenda- ability of owners to add to agenda, accurate and properly recorded minutes, elections, voting - owners should be voting on issues at AGMs to name a few. There are many requirements to hold a duly organized meeting. For example, public companies and other corporations hire several entities when they hold AGMs. Most corporations start by hiring a law firm. a company to scrutineer and often depending on the type of meeting a solicitation agent. Unfortunately, and of course because it's impractical for the majority of Condo Corporations to assume the expense of all or even a few of those entities most Condo Corporations rely on the knowledge of the property manager and an inexperienced board to deal with meetings which affects the quality of the meetings.

​​

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

​The quality of condo meetings depend on the quality of the property manager and the knowledge of your board of directors. Most condo meetings are pretty poor which leads to very little advancement and improvements in the corporation. If your condo corporation holds proper meetings then thank goodness and let us know! We want to hear about condos that are working well together creating successful condo communities. If not then well we all know when buildings incur this type of combination of a poor manager and a poor board for too long the building starts to deteriorate very quickly. Most building come equipped with basic bylaws created by the developer included in the owners manual, some specs and basic information and little else so if you were unlucky to buy into a property with owners who knew very little about condo boards you are probably facing some difficulties after a number of years.  Call us anytime and we will audit your meetings, elections or if you assist in coordinating any type of meeting. See our simple suggestions for make your meetings even more successful. 

condo meeting

Everyone is happier with a cookie in their hand

condo meeting - AGM

                                 Make people feel welcome!         

                           

Meetings are stressful even if there are no hot topics so anything you can do to lighten the mood is helpful. You could also have a giveaway or a play a little game before you get started. Don't forget name tags for large gatherings, bring a card or provide contact information and don't forget a pen, notepad or your phone to take notes and exchange information.  

If you organized the meeting: don't forget to shake as many peoples hands and introduce yourself to as many people as you can!

​

Hint: If you are organizing the meeting you should be the last to leave! This helps make sure you talk to everyone who came to talk to you!

                                             Its ALL in the Details

​

We believe details are important! Set up a station with coffee, juice or water to keep people hydrated and bring along some home baked or store bought treats. Owners will feel welcome and it helps to set the tone of a meeting. Who can argue with a piece of cake in their hand or mouth! Meetings should be informative and engaging and setting the tone will make your meetings more successful.

​

Hint: You'll often be able to tell the people who support you or at least like you if they take a cookie or drink some coffee. More combative individuals won't take the cookie because they feel like they would owe you something back and sometimes that's just being nice and respectful.

CONTACT US Before you buy a condo 

Working as a Trustee in the corporate debt space for over a decade has helped me build a foundation in Corporate and Securities Law. As a a Manager of Corporate Trust acting as debt Trustee, collateral agent or escrow agent, I was involved in many types of large international transaction and the biggest bought deal in Canadian history. As a trustee we were involved in, attended and scrutineered all types of meetings, extraordinary resolutions and consent solicitations. As Corporate Secretary for a large public company, I have over a decade of experience in many aspects of Corporate Law.  I worked for  several years in compliance for a capital raising investment company and worked in the prosecution department at IIROC. My degree in political science gives me a heightened sense of justice and expertise in all levels of government, democratic institutions and democratic practices.  I started this company to help other condo owners who were having similar experiences with condo boards. My corporate law and securities experience provides a great backdrop to be able to help create inclusive communities one building at a time, fighting one board at a time to bring back democracy and inclusion to Condo boards. People don't need to be fighting boards -it ruins their piece of mind and stunts community growth. Boards of Directors need to be held accountable for bad decisions and bad operating procedures and educated in best practices. 

bio pic.jpg
CONTACT
LOCATION

Email: wecare@momentumcondo.com
Phone: 403.651.7403
 

881 -15 Avenue SW

Calgary, Alberta T2R 1R8

Mon - Fri: 8am - 6pm

​​Saturday: 8am - 1pm

​Sunday: Closed

© 2035 by ASHTON & PORTER. Powered and secured by Wix

bottom of page