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In This Volume

This Part deals with the strata corporation’s responsibility for the collection and management of contributions to the strata corporation’s common expenses. To meet these expenses, the strata corporation establishes (1) an operating fund for common expenses that usually occur at least once a year or more often; and (2) a contingency reserve fund for common expenses that usually occur less often than once a year, or that usually do not occur. Owners contribute to both of these funds by means of strata fees.

Part 6 also sets out the strata corporation’s powers and duties with respect to budgets, special levies and user fees, borrowing money, and collecting money owed to the strata corporation.