Condo Smarts: Updating depreciation reports
Dear Tony: Our strata corporation did its first depreciation report in 2011. The result has been a significant change in how our strata is looking toward the future of maintenance, replacement of building materials and how we are saving funds. Our strata has increased our fees by 15 per cent over the past three years to clear our underfunding status, all of which has gone to our contingency fund. Read more……..
The 1,000 or so residents of Mayfair on the Green responded to skyrocketing waste fees with a multi-pronged diversion campaign.
Q: We are a small condominium community, and are noticing some vandalism. We cannot afford an expensive security system and