Condo Culture: Is the declarant responsible to pay budget shortfall in our new condo?
Q: We are a new condominium corporation that has just completed our first year audited financial statements. The actual amount of money spent in the first year of operating our condo corporation exceeds the amount that was budgeted by the builder. Is he responsible to reimburse our corporation for this underestimated budget regarding the first year of operations? Read the Q&A………..
Q. Recently a repairman entered our condo unit after two short knocks on the door, without even identifying himself. It
Dear Tony: At our AGM last October, our strata passed a budget covering Nov. 1 2013 to Oct. 31, 2014.
Local residents are breathing easier thanks to major steps taken by two housing organizations to create smoke-free environments. Auburn Village