WebTaking $100,000 out of the CRF, and raising $400,000 by form of special levy paid in monthly instalments until complete in the amount of $300/month. ... If you’re wanting a realtor to help you purchase a strata property, start a conversation by calling 604-765-0376. Prefer text? 604-319-0200 or email [email protected]. Web9 Jul 2024 · The Strata Property Act requires that the CRF must have 25% of the year’s operating budget saved up in the CRF. For example if you have an operating budget of …
The Contingency Reserve Fund
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23. How much money must be in the Contingency Reserve Fund?
WebOur next session will be held Tuesday, February 21, 2024 at 6:00pm on the new Strata Property Act amendments, featuring Veronica Franco (Clark Wilson) and Adrian … Web6 Apr 2024 · Strata Property Act section 123.1. If Bill 24 passes the current wording: (1) The strata corporation must not pass a bylaw that restricts the age of persons who may reside in a strata lot except as permitted by subsection (2). (2) The strata corporation may pass a bylaw that requires one or more persons residing in a strata lot to have reached ... Web3 Feb 2024 · Strata property owners in stratas which have been neglecting maintenance, risking higher insurance costs, will have new protections starting November 1, 2024. … the nigel doughty academy