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6.5 Formulas For Sharing Operating Expenses And Special Levies Relating To Strata Lots

In This Volume

  • 6.5 (1) For the purposes of section 99 of the Act, but subject to a resolution under section 100 or 108(2)(b) the Act, if a strata corporation has, by a bylaw passed under section 72(3) of the Act, taken responsibility for the repair and maintenance of specified portions of some but not all of the strata lots, a contribution to the operating fund or a special levy in respect of the repair or maintenance of those portions is shared only by the owners of the strata lots to which the contribution or special levy relates, and each strata lot’s share of the contribution or special levy is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 99(2) of the Act:
  unit entitlement of strata lot x contribution to operating fund or special levy
  total unit entitlement of all strata lots to which the contribution or special levy relates
  • (2) Subject to a resolution under section 100 of the Act, if a strata lot’s share of a contribution to the operating fund or special levy is calculated in accordance with subsection (1), each strata lot’s share of the total contribution to the contingency reserve fund is to be calculated using the following formula:
  unit entitlement of strata lot x contribution to contingency reserve fund
  total unit entitlement of all strata lots