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Only if it's something their management of the apartment could reasonably have affected. For instance, that would apply if there were repeated complaints about by-law breaches with Notices To Comply not able to be served on tenants because you can never find the person named on the lease (who may not even live there).
The Noise Abatement Order was an extreme ruling on an extreme case – bu there are a lot of those extreme cases around the city. Most landlords unlucky to have unruly tenants will not be affected by this – provided they work with the other owners and not against them. But the landlords who get repeated complaints and say “not my problem” will find that it most certainly is.