Is a strata owner entitled to review the financial statements of the strata?
British Columbia, Canada
The following excerpt is from The Owners, Strata Plan VR 766 v. Hayatshahi, 2020 BCCRT 451 (CanLII):
24. The evidence in this case shows that the owner has sent an unusually large volume of correspondence to the strata since purchasing his strata lot in May 2018. Some of his emails express understandable concerns about the building envelope repair project, such as how money is being spent. However, the overall package of emails provided by the owner show that he frequently questions the decisions of the strata council. He has repeatedly requested documents which the strata is not required to disclose, such as invoices and receipts. In Kayne v. The Owners, Strata Plan LMS 2374, 2007 BCSC 1610, the court said an owner is entitled to review books of account and financial statements but not underlying bills, invoices or receipts reflected in the financial statements, as those documents are not listed in SPA section 35.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Does a 3/4 vote of the Owner of a strata bylaw 16.1 violate the Owner's expectation that strata council positions will not be allotted by strata lot type? (British Columbia, Canada)
Is a strata entitled to reimburse an owner for expenses incurred in carrying out repairs to their strata lot? (British Columbia, Canada)
If the owners of a duplex jointly agree to work as a functional strata for the rest of the year, can the owners then seek a court order appointing an administrator to run the strata? (British Columbia, Canada)
Can an owner of a strata without the strata's approval to install a hot water heater without the approval of the Strata? (British Columbia, Canada)
Is a strata corporation liable to reimburse an owner for expenses incurred in carrying out repairs to the owner's strata lot? (British Columbia, Canada)
Is a strata corporation's delay in informing its owners of a lawsuit against the strata is in breach of section 167(1) of the BC Strata Act? (British Columbia, Canada)
When a majority of owners of a residential strata have voted to replace a carpet under their strata, can they force the strata to do so? (British Columbia, Canada)
Does a strata have to indemnify the owner for expenses arising from a water leak from a toilet in his strata lot? (British Columbia, Canada)
Is a strata liable to reimburse an owner for expenses incurred to repair the interior of the strata lot? (British Columbia, Canada)
Can an owner of a strata claim damages or recover property damages or loss of property value against another owner? (British Columbia, Canada)
