What happens if a strata corporation has an operating deficit?

Operating deficits must be eliminated during the next fiscal year. 1
 

 

 

Notes:

  1. Strata Property Act, SBC 1998, c.43, s.105(2)
Oscar Miklos
Oscar Miklos is the founder and principal lawyer at Refresh Law in Burnaby and the founder of HousingGuide.ca. He regularly advises residential and commercial landlords and tenants, strata owners, strata corporations, property managers and insurance providers in all aspects of housing disputes.