A smooth transition between management companies is essential to maintain community stability, protect property values, ensure continuous operations, and support positive relationships with residents and the Board. Effective planning, transparent communication among all parties, and meticulous attention during the handover process are key to minimizing disruptions and enabling the new management team to assume responsibilities successfully and achieve long-term success. 

Key points: 

• Introduction to the importance of smooth transitions.

• Overview of best practices for management transitions.

• Key stakeholders involved in the transition process.

• Legislative Provision: Transitions must comply with the Condominium Property Act and RECA Licensing Rules

• Detailed process steps for effective transitions.

 Sponsored by: