Strata Manager used OC funds to repair damage by tenant (ACT)

› Forums › Finance, budgeting and loans › Current Page

Create New Reply
  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by .
  • Creator
    Topic
  • 07/09/2021 at 12:54 am #58214 Reply | Quote
    WoodWalker
    Flatchatter

      COVID lockup has given me time to get a little more educated about Strata and get access to the financial transactions for our Owners Corporation.

      (10 unit class B Owners Corporation in the ACT)

      Examination of the general ledger shows that in 2020 the Strata Manager erroneously paid about $800 to repair damage to common property caused by renters in a specific unit. Can an individual owner request the Executive Committee to request the Strata Manager to direct the owner of the specific unit to pay the money back to the OC? I suspect the mistake was made by the SM and the specific owner was an unwitting beneficiary of their mistake. What gotchas do I need to be aware of?

      Thanks in advance for your collective advice,
      WoodWorker

    • Creator
      Topic
    Reply To: Strata Manager used OC funds to repair damage by tenant (ACT)
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

    You can use BBCodes to format your content.
    Your account can't use all available BBCodes, they will be stripped before saving.

    Your information:




    › Forums › Finance, budgeting and loans › Current Page