Self-Managed Condos
The Condominium Management Services Act, 2015 (CMSA) requires that anyone performing condominium management services be licensed by the CMRAO. Section 2 of the General Regulation provides some exemptions.
Self-managed condominiums are corporations that have chosen not to hire a licensed condominium management provider business or manager to provide management services. Instead, the corporation (usually the board of directors) performs the work associated with the day-to-day operations.
The exemption only applies if the board member or officer is not being compensated for providing condominium management services. If they are compensated for providing condominium management services, the CMSA requires that they have a licence.
If a director of a condominium board is receiving compensation for providing condominium management services, then that director must hold a Transitional General Licence or a General Licence. A Limited Licensee is not permitted to be employed directly by a condominium corporation. A person with a Limited Licence must be employed by a licensed condominium management provider business to provide condominium management services.