If you own a strata unit, you will receive a certain amount of correspondence through the course of any given year. Although the notices of your strata meetings may contain a number of agenda items over several pages, it is imperative that you invest the time to read the document.

The notices of your strata meeting contain not only the financial aspects of your strata plan including budgets and future levy contributions that you pay but it also contains information as to the building’s insurances and any building repairs that are required.

It pays to invest the time to read the agenda as failure to be aware could cost you in additional levy contributions that you haven’t budgeted for.