Remember this date: January 29, 2018! You must submit your licence application by this date or you will no longer be able to provide condo management services.
What happens until January 29, 2018?
- “Deemed” Transitional General Licence: if you have provided condo management services in the previous year and have two or more years (2,920+ hours) of experience within the previous five years, you hold a “deemed” transitional general licence. Note: in order to qualify for a general licence or transitional general licence, you must hold a “deemed” transitional general licence.
- “Deemed” Limited Licence: if you have been providing condo management services within the previous year but do not have two or more years of experience, you hold a “deemed” limited licence.
- “Deemed” Condo Management Provider Licence (Management Companies): to hold a “deemed” condo management provider licence, your company must have provided condo management services on October 31, 2017.
These “deemed” licences expire on January 30, 2018. If you require an extension, apply to the Registrar now.
What happens after January 30, 2018?
- You receive your certificate of licence. OR
- The Registrar refuses your application. You will receive written notice setting out the reasons for the refusal. You will have 15 days to send the Registrar and the Tribunal a request for a hearing. The request must be delivered either personally, sent by registered mail or sent by another manner that provides a receipt.
- The Registrar and Tribunal refuses your application at the hearing. You may re-apply for a licence if: 12 months have passed since the refusal and you satisfy the Registrar that new or other evidence is available or that material circumstances have changed.
Still unsure which licence is right for you? CLICK HERE to watch a video from the CMRAO.
Tips to the Second Round of Amendments!
Although we are all just getting used to the First Round of Amendments, we thought we would give everyone a head start getting to know the Second Round of Amendments.
Tip #1: As of February 1, 2018, condo managers will have increased disclosure obligations with respect to contracts or transactions or proposed contracts or transactions to which their clients are party to.
These new obligations will not apply to any contract if it was entered into before February 1, 2018, unless the contract is amended, extended or renewed on or after February 1, 2018.
The CMSA outlines how and when a condo manager must disclose their interest, so pay careful consideration to these new disclosure obligations and procedures!
Also, don’t forget to download our Manager’s Guide to the November 1st Amendments!