BC Court Imposes $16.8 Million Levy on Condo Owners to Remediate Water Leak Damage

The British Columbia Supreme Court has ordered a Vancouver strata corporation to impose a $16.8 million special levy against the unit owners to pay for repairs necessitated by water leaks in the condominium for over two decades. The Court also appointed an administrator to oversee the repair work.  The court action was commenced by a group of owners who claimed that the strata corporation had failed to repair the common property as it was required to do under the governing legislation.   Read the article………………

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