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Updated over 7 years ago on . Most recent reply

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Roman Flip
  • PT
1
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🇨🇦 For Canadians: does your condo board accepts checks only?

Roman Flip
  • PT
Posted

Does your condo board also accepts only cheques for condo fees? Mine does not accept anything else and are refusing to change that. Wondering how commonplace that is. Thanks.

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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

Sounds like your condo board is a generation out of touch ... if I were to take out tenant population as an example, 80% of those under 30 do not have chequing accounts.  In the past five years, electronic payment (Interac e-Transfers or PADs) has become the most prevalent method of payment for rent among our tenants.

Method of payment (42 tenants):

Cash       Cheque        Electronic

4              5                   33

  • Roy N.
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