We are seeing many corporations having to pay the cost of the insurance deductible arising from damage caused to units not caused by an act or omission of the corporation because the corporation has not passed an insurance deductible by-law. With the appropriate by-law in place, these costs can be charged back to the unit that sustained the damage.

We are also seeing many corporations incurring the costs to repair damage to unit items that would be considered upgrades, therefore becoming the unit owner's responsibility. It is time to consider passing insurance deductible and standard unit by-laws if your corporation has not yet done so.