BC Strata FAQ
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Our strata corporation wants to raise the annual salary of our resident caretaker by $10,000.00. Does this require a 3/4 vote?
The annual salary of a resident caretaker is an operating fund expense and therefore, it belongs in the annual budget. The annual budget must be approved by a majority vote at the annual general meeting.
Please Note: Clark Wilson’s Strata Property Group represents a large number of strata corporations and strata managers. Therefore, we are unable to respond to strata-related inquiries from individual owners. If you are a current strata council member or strata manager and would like additional information on this topic, please contact our Strata Property Group.
Related Topics:
Our strata corporation has money left over in the operating fund. May we give it back to the owners?
What happens if the operating budget does not pass at the annual general meeting?At the last AGM, the strata corporation did not approve the budget for next year. Do I still have to pay strata fees? If so, how much are my strata fees?Disclaimer:
This FAQ section is for informational purposes only, for the
convenience of our visitors. While these questions and answers are
about legal issues, they are not a substitute for consultation with
a lawyer, and should not be relied on as a basis for any legal
decision. As with anything of a legal nature, different circumstances
can create different results.
