Quote:
Originally Posted by Presto
Worse still, there's no contingency fund or very little contribution to it, and when unexpected bills to the property happen, it'll mean everyone gets to chip in for a special levy.
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I don't think that's true anymore. I seem to recall that the provincial government has legislated that all stratas must now maintain some sort of contingency fund -- my strata passed a motion last year or the year before to beef up the contingency fund, and I remember the rationale was some sort of provincial legislation for it. Still, this contingency fund is managed by the strata council, so how well funded it is depends on both the strata council members, and the home owners themselves.