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.
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