Home        About        Contact
1

Governance
The manner in which different types of buildings conduct themselves according to:
  • Shared ownership structures
  • Decision making procedures

Shared Ownership Structures:
Listed below are the primary ownership structures for the residential sector:


Purpose of Governance:
Governance is used to determine:

Documents:
Listed below are the key governance documents, listed by order of precedence:

Meetings and Decisions:
Listed below are the different types of meetings that are used to make decisions:


Governance Review
Listed below are some of the key steps in a governance review
  • List the pertinent governing documents (ie., ASP, strata plan, bylaws, disclosure statement, etc).
  • Indicate whether these were made readily available for the consultants' ‘review’ (yes; no; partial).
  • Indicate whether the bylaws take the standard form or have been revised (ie., windows/doors).
  • Establish if there are any ambiguities and uncertainties in the documents.
  • Disclosure our limited qualifications as technical consultants to interpret the documents.
  • List our assumptions based on our non-legal review of the readily available documents.
  • Identify which assets are impacted by our assumptions (eg., windows, service distribution, etc.)
  • Indicate how the assumptions may have material impact upon the financial model.
  • Recommend that the owners engage counsel to reconcile any ambiguities in the documents.
Sections_Asset_Insights
Fig 1 . Low-rise building sectioned into commercial and residential


Every stakeholder has a perspective. ISO 55000 (ISO 55001) helps to align these with corporate and asset management objectives
Fig. Every stake
holder has a perspective. ISO 55000 (ISO 55001) helps to align these with corporate and asset management objectives.


Illustration of the relationship between different types of meetings within the same calendar year
Fig.  Annual timeline to illustrate the relationship beween the different types of meetings during the same calendar year.


1
Fig. Property sectioned into high-rise and townhouses.


The interaction of the budgeting and financial cycles represented graphically on an annual timeline
Fig.  The interaction of the budgeting and financial cycles represented graphically on an annual timeline.


1
Fig. Excerpt from an Air Space Parcel Agreement governs the cost sharing arrangement between the different legal entities within a building.


Some of the cycles associated with asset management
Fig. Some of the cycles associated with asset management.


1
Fig. 3: Cross-section view through a sectioned building
.

Read Articles
See also:

I. Care is trying to get the owners to reach a decision at their general meeting.
Fig. I. Care is trying to get the owners to reach a decision at their general meeting.

(c) Copyright Asset Insights, 2000-2013, All Rights Reserved - "Insight, foresight and oversight of assets"