Is there a limit on how much strata corporations can increase fees?
Dear Tony: Is there a simple answer to the limit on increases for annual strata fees? Our strata is proposing a 30% increase in fees this year so we can pay for our new roof without special levies in three years. We found information on a website that indicates there is a 10% limit but cannot find it anywhere in the legislation. No one can afford a 30% increase which raises our fees from $400 a month to $520 a month. It means out of a $520, we are contributing $200 a month to contingency, which far exceeds the 10% limit. Read the Q&A…………..
Resolving strata property disputes used to involve a lengthy legal process that took up to three years and cost tenants
Dear Tony: I live in a large townhouse development in Surrey. The strata corporation is family and pet friendly so
Q We are short of funds in our reserve fund account. Either we levy a special assessment of $2,000 per