Strata Contingency Reserve Fund - What does it mean for you?
Posted on Mar 14, 2021 in Condo/Townhouse Owners
Under the Strata Property Act, strata corporations and sections must have contingency reserve funds (CRFs) to pay for common expenses that usually occur less often than once a year; or do not usually occur.
Why is it important that you buy into a building that has a healthy contingency fund?
The condominium’s reserve fund provides financing for major...