What are deadlines set by the Condominium Act known as?

The term 'Timelines' is used to describe the deadlines set by the Condominium Act. In the context of condominium management, timelines refer to specific periods within which certain actions or processes must be completed in accordance with the regulations established by the Act. These deadlines are crucial for ensuring compliance with legal requirements, maintaining organized operations within a condominium corporation, and safeguarding the rights of all stakeholders involved, including owners, residents, and the management team.

Understanding timelines is important because they dictate the rhythm of operations within a condominium, such as when meetings must be held, when financial statements should be distributed, or when certain reports must be submitted to the regulatory authorities. Adhering to these timelines is essential for good governance and effective management practices within a condominium setting.