We Know Condominiums

At Limestone Property Management, we have the abilitiy & expertise to manage any style of condominium.

Our Competitive Advantage

Educated through ACMO (Association of Condominium Managers of Ontario) and obtaining the RCM (Registered Condominium Manager) designation, we have a vast knowledge of the Condominium Act and the experience in applying it to corporations around the area.

We also understand that many Board of Directors have differing personalities and face a variety of challenges each day. With our expertise and education, we bring a professional and adaptive attitude that manages many moving parts to create a balanced and efficient atmosphere.

We’ve also been known for our hands-on approach, effective communication and transparency.

Experience Superior Service; Here’s What Sets Us Apart from the Competition

At Limestone Property Management, we’re known for our hands-on approach and effective communication.

We’ve assembled a professionally-trained property management department that’s willing and able to meet every challenge head on and to look after all the little details so you don’t have to. Just think about it: what’s your time worth?

Complete Condo Management. Here’s What’s Included:

Administrative Services

  • LPM’s initial agenda with any new condominium is the review of your existing condo corporation’s documents, including the Declaration, By-Laws, Rules & Regulations, Agreements, Financial Statements, Minutes of Meetings, General Operating & Reserve Fund Budgets, Machinery & Equipment, as well as Insurance policies.
  • We will also engage in meeting and listening to all routine contractors and condo employees who are responsible for the provision of such services as the maintenance of assets, cleaning of common elements & security.
  • Other administrative services include Enforcement of all necessary documents, while consistently aligning with the Condominium Act, 1998; Producing Status Certificates; Typing of minutes and general meetings; 24-hour telephone answering service; Attendance at board meetings and annual general meetings; Preparation and distribution of agenda, proxies, and notices; Direct liaison with owners.

Physical Management

  • Compilation of data regarding equipment, components and warranties
  • Scheduling of maintenance and supervision of work
  • Selection of staff to provide and maintain the standard of services required
  • Invitation of tenders and quotations for work
  • Regular inspection of common elements
  • Control of inventory and purchases
  • Furnish monthly or quarterly detailed up-to-date maintenance reports to the Board as required
  • Maintain a 24-hour emergency response service

Communication

  • 24-hour telephone answering service
  • Attendance at board meetings and annual general meetings
  • Preparation and distribution of agenda, proxies, and notices
  • Direct liaison with owners

Financial Management

  • Collection of monthly common expense fees including all other accounts receivable
  • Verifying and approving of all invoices
  • Maintaining a Corporation’s financial records
  • Management and investment of surplus operating funds & reserve funds
  • Financial statements (monthly, quarterly, annually) including: Balance sheet; Income statement; Accounts receivable and account payable report; Reserve fund and investment report; Bank reconciliation
  • Preparation of Annual Operating Budget
  • Reserve Fund plan administration