Bookkeeping, budgets, financial statements, loans, investments, etc.
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    • #5124
      Randy Olson
      Participant

      I am wondering if any condo Corporation uses any other method of allocating condo fees other than unit factors.

    • #5261
      Maurice Perrault
      Participant

      Randy,
      I have not seen expenses assigned in any other way other than Unit Factors. 39(1)(c) of the Act allows that IF your bylaws allow it.

    • #5265
      Marion Relf
      Participant

      Yes, our unit factors were established years ago and are not logical for fee assessments. Over 15 years ago, Owners adopted fee assessments based on square footage of units, using 3 groupings. This has been used since and is outlined in our bylaws.

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