FinanceCompliance
The Power of Sale: How Strata Corporations Can Legally Recover Unpaid Fees
Most boards don't know they can legally sell a delinquent lot to recover arrears. Here's the step-by-step process — and why documentation is everything.
Most boards don't know they can legally sell a delinquent lot to recover arrears. Here's the step-by-step process — and why documentation is everything.
Delinquency rates exceeding 30% are crippling strata corporations. The problem isn't bad residents—it's the absence of immediate, fair consequences for non-payment.
Spreadsheets, delayed reports, and opaque budgets erode trust and create compliance risks. Here's what modern strata corporations need.