Can you elaborate on this?
Let's say you are reading strata documents and you, the buyer, find out the building will need a new roof next year that will cost approximately $100,000 and there a 20 units. The contingency fund is only $25,000 and the entire $100,000 will be raised via special assessment and the unit entitlement of the unit you are interested in is 1/20.
You are a first time buyer and you cannot afford $5,000 out of pocket next year so you negotiate for $5,000, funded by the seller, to be held in trust by the seller's or buyer's lawyer to be released when the special assessment is due. You could have provisions for the actual cost being below/above the $5,000.
When contracts get complicated like above best to consult a lawyer to help with the specific wording.
Very few sellers would accept such an arrangement. You are more likely to see it where a seller has had previous deals collapse over upcoming expenses.
Edited by MarkoJ, 09 January 2014 - 09:09 PM.