Reply To: Should we lend the OC money to get work done?

› Forums › Strata Committees › Should we lend the OC money to get work done? › Current Page

10/05/2019 at 8:42 am #37507
Roland
Flatchatter
Chat-starter

    Thank you for these responses – I appreciate your thoughts – can you let me know which you think is better

    1. A lot owner(s) advances the $ to the SP and the SP pays the contractor – is this “levies in advance” (?) and the SP pays the contractor – what does the SP issue to the lot owner to receive the funds – levy notice?

    2. the lot owner(s) just pays the contractor and gets reimbursed (gst implications).

    Thank you.

     

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