It's been nine years since DMC moved to Regina in a new location at 902 Rae Street, Regina. We want to express our sincere thanks to our devotees and friends for their unwavering support.
Since the pandemic landed, we have had many challenging years for DMC and many of us. The basement suite within the DMC building was damaged due to flooding caused by pipes that were improperly installed. The issue started when the landlord discovered that a plumber who had worked on the property before, due to plumbing issues, failed to install a pipe properly, which caused the flooding damage. The insurance policy would not cover the cost of this failure. Therefore, the landlord did not meet the requirements for the claim.
DMC had no funds to repair the damage, and the estimated repair cost is approximately $31,600.00. Questions arose as to where money could be secured to cover the expenses. Some devotees suggested that the building owner should make an insurance claim to meet the cost. Others suggested that it is the mortgage holder's responsibility to assume the costs associated with building repair and maintenance, not DMC's, because DMC is a tenant within the building.
The building ownership background:
In 2016, a group of devoted Buddhist families in Regina jointly decided to buy a property for DMC. The families contributed money to a common fund to secure a building with a 5% down payment for leasing the property. They decided to elect Mr. Biddya Ranjan Chakma as the building owner because he had been approved for a mortgage. He would act as the sole owner of the building. As such, the other families agreed to contribute money to pay the regular monthly mortgage and other building expenses such as electricity, insurance, repairs, etc. As soon as Mr. Biddya Ranjan Chakma officially secured the building, devotees invited DMC to move to Regina from Toronto.
The move to Regina implied the following understanding: that DMC would be a tenant of the building and pay the landlord $500.00 monthly rent. The devotees, including the owner, assured a commitment to contribute monthly to DMC, which would cover the rent. With this condition, a signed rent-to-own contract agreement was made between the landlord and DMC, the tenant. It states that DMC will assume the building ownership once the mortgage is fully paid.
In order to take full ownership of the building, DMC requires your financial support. The Center runs solely on the generosity of individuals who make up our community, volunteers who run our programs and the participants who attend. Your contributions are not just for our program but also will help secure a permanent place for our community. We sincerely appreciate your support toward the DMC Building project. Your donations are gratefully received and are tax- deductible with all receipts issued upon request.
Since the pandemic landed, we have had many challenging years for DMC and many of us. The basement suite within the DMC building was damaged due to flooding caused by pipes that were improperly installed. The issue started when the landlord discovered that a plumber who had worked on the property before, due to plumbing issues, failed to install a pipe properly, which caused the flooding damage. The insurance policy would not cover the cost of this failure. Therefore, the landlord did not meet the requirements for the claim.
DMC had no funds to repair the damage, and the estimated repair cost is approximately $31,600.00. Questions arose as to where money could be secured to cover the expenses. Some devotees suggested that the building owner should make an insurance claim to meet the cost. Others suggested that it is the mortgage holder's responsibility to assume the costs associated with building repair and maintenance, not DMC's, because DMC is a tenant within the building.
The building ownership background:
In 2016, a group of devoted Buddhist families in Regina jointly decided to buy a property for DMC. The families contributed money to a common fund to secure a building with a 5% down payment for leasing the property. They decided to elect Mr. Biddya Ranjan Chakma as the building owner because he had been approved for a mortgage. He would act as the sole owner of the building. As such, the other families agreed to contribute money to pay the regular monthly mortgage and other building expenses such as electricity, insurance, repairs, etc. As soon as Mr. Biddya Ranjan Chakma officially secured the building, devotees invited DMC to move to Regina from Toronto.
The move to Regina implied the following understanding: that DMC would be a tenant of the building and pay the landlord $500.00 monthly rent. The devotees, including the owner, assured a commitment to contribute monthly to DMC, which would cover the rent. With this condition, a signed rent-to-own contract agreement was made between the landlord and DMC, the tenant. It states that DMC will assume the building ownership once the mortgage is fully paid.
In order to take full ownership of the building, DMC requires your financial support. The Center runs solely on the generosity of individuals who make up our community, volunteers who run our programs and the participants who attend. Your contributions are not just for our program but also will help secure a permanent place for our community. We sincerely appreciate your support toward the DMC Building project. Your donations are gratefully received and are tax- deductible with all receipts issued upon request.
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