On November 27, 2019, the Government of Alberta released revised Regulations and Amendments to the Alberta Condominium Property Act that will come into force January 1, 2020.
The revisions to the prior draft regulation includes adding to the list of qualified reserve fund study providers; adjusting the fee scale for the provision of documents; clarifying recoverability of an insurance deductible; simplifying the standard insurable unit description; increases to sanctions and rental deposits; reducing the administrative burden surrounding the AGM.
These adjustments are the result of the Government’s five-month review to ensure that Regulations do not cause unnecessary administrative burden or challenge for condo boards, owners and corporations.
You can see the Province’s Announcement Here
You can see the revised Alberta Regulations Here