Module 5 · Lesson 6 of 6 · 8 min read
Strata Red Flag Scenarios
Practice identifying problems
You are reviewing documents for a 1998-built concrete highrise. The depreciation report is from 2014, twelve years old. The strata fees are $380/month for a 900 sq ft unit, which is below average for the building age. The contingency reserve fund (CRF) holds $120,000 for 150 units. Should you be concerned?
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