This toolkit, developed by IMAA and completed in May 2020, includes a comprehensive analysis of Canadian arts organizations’ challenges in securing and maintaining affordable real estate, as well as a detailed resource toolkit of template documents, official guides, and sample documents from several Canadian arts organizations. This toolkit can be used as a resource for any non-profit arts organization that is looking to rent/purchase/design a new space for its operations to take place.
This section includes resources for maintaining and managing a real estate operation, including a summary of expenses within a condominium, a sample renovation quote, and a simple 5-year operating budget template.
a. Simple Operating Budget – Template (PDF)
Simple 5 year cash flow chart for a real estate operation including rental revenues and building expenses.
b. Summary of Expenses in Strata Fee (PDF)
Full listing of typical operating expenses for a building that would normally be included within a strata or condominium fee for a commercial strata property.
c. Construction Quote – Sample (PDF)
Sample Scope of Work from a contractor for a simple interior renovation project.