Do we ask the condo owners for the money upfront or do we get a bank loan?
Q We are short of funds in our reserve fund account. Either we levy a special assessment of $2,000 per unit or get a bank loan. Would it be within the authority of the board of directors to get a bank loan without consulting the owners? We realize that a special assessment would cause a little hardship to several of the owners, so we feel that a loan would be a better option. Read the article………….
Q. Over the last year one of our fellow directors has been having significant memory problems. This person cannot remember
An RCMP officer in Chilliwack who was facing $16,450 in strata fines arising from an allegation he had illegally rented