A closer look at the Report on Common Property, Land Titles, and Fundamental Changes for Stratas: Should the Strata Property Act continue to require a resolution passed by a unanimous vote to authorize changing the basis on which a strata lot’s share of the contribution to the strata’s operating fund and contingency reserve fund is calculated?
This post is part of a series highlighting key recommendations in the Report on Common Property, Land Titles, and Fundamental Changes for Stratas. For other entries in the series, click here. Brief description of the issue The general rule for strata corporations is to calculate a strata lot’s share of the contribution to a strata’s operating fund and its contingency reserve fund on the basis of the strata lot’s unit entitlement. The act allows for some Read more…
















































