Strata Corporation Finances (22:VIII): Difference between revisions
From Clicklaw Wikibooks
Strata Corporation Finances (22:VIII) (view source)
Revision as of 18:03, 1 August 2023
, 1 August 2023→b) Relating to Limited Common Property
| Line 42: | Line 42: | ||
Provided there is no alternate formula adopted by way of a s 100 resolution, the SPR allows for the formula in s 99 to be amended for operating fund expenses that relate to and benefit only limited common property as follows: | Provided there is no alternate formula adopted by way of a s 100 resolution, the SPR allows for the formula in s 99 to be amended for operating fund expenses that relate to and benefit only limited common property as follows: | ||
𝑈𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡 | 𝑈𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡<BR> | ||
𝑇𝑜𝑡𝑎𝑙 𝑢𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑎𝑙𝑙 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡𝑠 𝑤ℎ𝑜𝑠𝑒 𝑜𝑤𝑛𝑒𝑟𝑠 𝑎𝑟𝑒 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑑 𝑡𝑜 𝑡ℎ𝑒 𝑢𝑠𝑒 𝑜𝑓 𝑙𝑖𝑚𝑖𝑡𝑒𝑑 𝑐𝑜𝑚𝑚𝑜𝑛 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑡𝑜 𝑤ℎ𝑖𝑐ℎ 𝑡ℎ𝑒 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑟𝑒𝑙𝑎𝑡𝑒𝑠 X 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑡𝑜 𝑜𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑓𝑢𝑛𝑑 | 𝑇𝑜𝑡𝑎𝑙 𝑢𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑎𝑙𝑙 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡𝑠 𝑤ℎ𝑜𝑠𝑒 𝑜𝑤𝑛𝑒𝑟𝑠 𝑎𝑟𝑒 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑑 𝑡𝑜 𝑡ℎ𝑒 𝑢𝑠𝑒 𝑜𝑓 𝑙𝑖𝑚𝑖𝑡𝑒𝑑 𝑐𝑜𝑚𝑚𝑜𝑛 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑡𝑜 𝑤ℎ𝑖𝑐ℎ 𝑡ℎ𝑒 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑟𝑒𝑙𝑎𝑡𝑒𝑠 X 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑡𝑜 𝑜𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑓𝑢𝑛𝑑 | ||
That formula cannot be used for contributions to the contingency reserve fund and special levies. Instead, the contributions are allocated among all of the owners as follows: | That formula cannot be used for contributions to the contingency reserve fund and special levies. Instead, the contributions are allocated among all of the owners as follows: | ||
𝑈𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡 | 𝑈𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡<BR> | ||
𝑇𝑜𝑡𝑎𝑙 𝑢𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑎𝑙𝑙 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡𝑠 X 𝑇𝑜𝑡𝑎𝑙 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑡𝑜 𝐶𝑅𝐹 𝑜𝑟 𝑠𝑝𝑒𝑐𝑖𝑎𝑙 𝑙𝑒𝑣𝑦 | 𝑇𝑜𝑡𝑎𝑙 𝑢𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑎𝑙𝑙 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡𝑠 X 𝑇𝑜𝑡𝑎𝑙 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑡𝑜 𝐶𝑅𝐹 𝑜𝑟 𝑠𝑝𝑒𝑐𝑖𝑎𝑙 𝑙𝑒𝑣𝑦 | ||
{{LSLAP Manual Navbox|type=chapters15-23}} | {{LSLAP Manual Navbox|type=chapters15-23}} | ||
