strata fraud

Apartment owners in Jamaica’s growing strata developments are reporting the embezzlement of maintenance funds by strata corporation officers, leaving buildings without security, repairs, or insurance coverage while fees continue to be collected from unit owners.

Strata owners in Jamaica pay maintenance contributions to their strata corporation to fund the upkeep of common areas, building insurance, security, and shared services. When the strata corporation is mismanaged — through poor governance, lack of financial transparency, or outright misappropriation by officers — the shared property deteriorates and individual unit owners bear the cost.