Condo Q&A: If our reserve fund is in great shape, can we borrow from it for day-to-day use?

Q. Our operating fund is at a very low level. We need to cover some extra expenditures that we were not counting on. Would it be legal for us to transfer some of the funds from our reserve fund into our operating account? Our reserve fund is at the level it is supposed to be at, according to the engineer.  Read the Q&A………..


Related Articles

Edmonton couple caught hiding baby at adult-only condo (AB)

Michael Janz and Sally Tang hide two-month-old Miles as if he was a bag of drugs when they walk between

Strata heads to B.C. Supreme Court to get senior smoker to butt out

A strata council’s fight to force a cigarette-addicted army veteran to quit lighting up in his condo opened Tuesday in

Condo Smarts: Strata cannot claim costs because it did not disclose agreement

Dear Tony: What happens when an owner buys a unit and there is an alteration agreement relating to the balcony