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Condo Smarts: Bundling resolutions can be tricky

Condo Smarts: Who decides if homeowner should pay deductible?

Condo Smarts: Bylaws for electronic meetings

Condo Smarts: Can tenants make alterations to a strata lot?

Condo Smarts: Confirm all details of projects in writing before proceeding with work

JDR, council member When it comes to how a strata corporation spends its money, purchasing and financial practices are determined through its bylaws and the wording of resolutions the owners approve at general meetings. The Strata Property Act does not set a minimum number of bids or special procurement conditions. For an expense on a major project or an operating contract, the owners at a general meeting can direct or restrict the council by majority and give specific instructions on the methods or limitations for purchasing. In a normal sequence, the strata council will establish the proposed resolution for the project, including the project details and how the funds will be approved, either through reserve funds or a special levy.

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