Strata Corporation Finances (22:VIII): Difference between revisions
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Strata Corporation Finances (22:VIII) (view source)
Revision as of 18:00, 1 August 2023
, 1 August 2023→1. Two Main Issues with Allocating Expenses
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'''a) Unit Entitlement or Not'''<BR> | '''a) Unit Entitlement or Not'''<BR> | ||
Generally, all owners must contribute to the costs of repair and maintenance in accordance with unit entitlement, as decided by the courts in Strata Plan LMS 1537 v Alvarez, 2003 BCSC 1075. | Generally, all owners must contribute to the costs of repair and maintenance in accordance with unit entitlement, as decided by the courts in Strata Plan LMS 1537 v Alvarez, 2003 BCSC 1075.<BR> | ||
'''b) Everyone, or Allocate to Individuals'''<BR> | '''b) Everyone, or Allocate to Individuals'''<BR> | ||
There are, however, exceptions in which common expenses are allocated using a different formula than the formula in s 99 (s 100(1)). For example, certain common expenses that relate to and benefit only limited common property can be allocated to only those strata lot owners entitled to the use of that limited common property. If different “types” of strata laws are distinguished by the bylaws, common expenses that relate to and benefit a particular type of strata lot can be allocated to only the strata lots of that type. | There are, however, exceptions in which common expenses are allocated using a different formula than the formula in s 99 (s 100(1)). For example, certain common expenses that relate to and benefit only limited common property can be allocated to only those strata lot owners entitled to the use of that limited common property. If different “types” of strata laws are distinguished by the bylaws, common expenses that relate to and benefit a particular type of strata lot can be allocated to only the strata lots of that type. | ||