Topic: Is a $10k renovations bond fair? – FLAT CHAT

This topic has 1 reply, 1 voice, and was last updated 6 years, 9 months ago by .

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23/11/2019 at 7:53 am #45019 Reply | Quote
Laldy
Flatchatter
With your help I was able to force the strata committee members to issue a notice to comply with a by-law on parking (see this post).

They are most annoyed with me and now as payback (or so I believe as I am the only one who has renovations pending) they have passed a bylaw stating that a bond of $10,000 must be paid to the owners before work commences.

The bond is to cover any damages done to the common property. There are no details as to how the bond will be administered. I cannot find anything in the legislation about a bond.

Can they demand something in a bylaw that is not mentioned in the legislation?

Can they stop me doing the renovations if I refuse to pay the bond? If so how?

With regards to my parking issue, the committee members spent $1100 on legal fees to see if they could get extra parking for themselves and 5 others. They confirmed tonight at a strata meeting that there was never going to be parking for 4 owners. Given that they were personally going to benefit and others were going to be excluded are they guilty of misappropriating strata funds?
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Reply To: Reply #45035 in Is a $10k renovations bond fair?

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