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Allocation of Common Expenses – What is fair?

Author: 
Toronto Condo News
Publication date:
April 26, 2018
Article Summary: 

The article explains that there are different ways to allocate common expenses among condo owners, and that the common expenses should not only include necessary expenses. The allocation of common expenses is specified in the condo declaration, and the Condo Act prevents condo owners from avoiding paying their share. While suite size is commonly used to allocate expenses, other factors such as parking spaces, lockers, number of residents, pets, and rental properties should also be considered for a fair allocation. Allocating based on suite size may result in larger suite owners paying more for expenses resulting from factors outside of their control.



Keywords: 

common expenses, condo owners, allocation, suite size, fair allocation, parking spaces, lockers, number of residents, pets, rental properties.

Source Citation: 
Toronto Condo News
Allocation of Common Expenses – What is fair?
April 26, 2018
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