#65967
Jimmy-T
Keymaster

    I ran this past our sponsor, strata lawyer David Bannerman, during our “Lawyer in the Hot Seat” session last week and he said that while the law on this was open to interpretation (or misinterpretation) the intent of the section is that the borrowed money should be paid back within three months and the legislation will be updated to reflect this in the next round of changes.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.