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11.2 Formulas For Sharing Operating Expenses For Limited Common Property And Types Of Strata Lots In Sections

In This Volume

  • 11.2 (1) For the purposes of section 195 of the Act, but subject to a resolution under section 100 of the Act, if a contribution to the operating fund relates to and benefits only limited common property for the exclusive use of strata lots in a section, the contribution is shared only by owners of the strata lots entitled to use the limited common property, and each strata lot’s share of that contribution is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 195 of the Act:
  unit entitlement of strata lot in section x contribution to operating fund
  total unit entitlement of all strata lots in section whose owners are entitled to use the limited common property to which the contribution relates
  • (2) For the purposes of section 195 of the Act, but subject to a resolution under section 100 of the Act, if a contribution to the operating fund relates to and benefits only one type of strata lot in a section, and that type is identified as a type of strata lot in the bylaws of the section, the contribution is shared only by owners of strata lots of that type, and each strata lot’s share of that contribution is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 195 of the Act:
  unit entitlement of strata lot in section x contribution to operating fund
  total unit entitlement of all strata lots in section of the type to which the contribution relates
  • (3) Subject to a resolution under section 100 or 108(2)(b) of the Act, if a strata lot’s share of a contribution to the operating fund is calculated in accordance with subsection (1) or (2), each strata lot’s share of the total contribution to the contingency reserve fund or a special levy is to be calculated using the following formula:
  unit entitlement of strata lot in section x total contribution to contingency reserve fund or special levy
  total unit entitlement of all strata lots in section