Bookkeeping, budgets, financial statements, loans, investments, etc.
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I am wondering if any condo Corporation uses any other method of allocating condo fees other than unit factors.
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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.
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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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