'Honey, I need the basement back'
Alberta laws changed in 2020 to set out specific time frames for how long various condo documents need to be kept
Author of the article: Roberto Noce
Publishing date: Jun 04, 2021 • 5 hours ago • 2 minute read •
There is a legal need to keep condo board documents — but fortunately, there is a time limit on many. Photo by Getty Images/iStockphoto
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Question: Our condominium corporation is more than 25 years old, and we are self-managed. I have been on the board for at least 20 years. I have boxes of minutes, financial reports, invoices and other documents of the corporation in my basement. My wife has now demanded that I get rid of the documents so that we can have our basement back. No one from the board wants the boxes. How long do we have to archive minutes and financial records? Please help!