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 a lawyer at Haddock & Company in North Vancouver. He regularly advises residential and commercial landlords and tenants, strata owners, strata corporations, property managers and insurance providers in all aspects of housing disputes. You can reach Oscar by email at oscar@haddock-co.ca.