Difference between revisions of "Strata Corporation Finances (22:VIII)"

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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<BR>
[[File:LSLAP 22 VIII strata fees image 2.png|alt={Unit Entitlement of Strata Lot divided by Total Unit Entitlement of all Strata Lots whose Owners are Entitled to the use of Limited Common Property to which the Contribution Relates and then multiplied by 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<BR>
[[File:LSLAP 22 VIII strata fees image 3.png|alt={Unit Entitlement of Strata Lot divided by Total Unit Entitlement of all Strata Lots and then multiplied by Total Contribution to CRF or Special Levy}]]
𝑇𝑜𝑡𝑎𝑙 𝑢𝑛𝑖𝑡 𝑒𝑛𝑡𝑖𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑜𝑓 𝑎𝑙𝑙 𝑠𝑡𝑟𝑎𝑡𝑎 𝑙𝑜𝑡𝑠 X 𝑇𝑜𝑡𝑎𝑙 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑡𝑜 𝐶𝑅𝐹 𝑜𝑟 𝑠𝑝𝑒𝑐𝑖𝑎𝑙 𝑙𝑒𝑣𝑦




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