TagsContingency Fund Reports, Home Maintenance, Inspection

Strata Council Duties to Strata Property Owners

Contingency Reserve Funds and Special Levies 1. What is the Contingency Reserve Fund? Strata corporations must have a contingency reserve fund (“CRF”) to pay for common expenses that usually occur less often than once a year; or do not usually occur. The contributions from strata owners to the CRF should be included in every budget approved at…