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FEES, FINES, &
SPECIAL
ASSESSMENTS
Strata Corporations generate their operating funds
by collecting strata fees, fines, and specal
assessments from Strata members. Each payment
supports current Strata functions or future
improvements and repairs, which are typically paid
for through a contingency reserve fund.
• Strata Fees. Also known as dues or regular
assessments, fees are the monthly,
dues that residents pay. They go towards daily
operations as well as future repairs, projects,
and enhancements.
• Fines. These monies are paid by residents
who commit a violation of community bylaws
and/or rules or standards.
• Special Assessments (Special levies).
Additional fees collected to cover unexpected
costs, like an increase in insurance or a
surprise repair bill, special assessments are a
one-time payment levied by the Council. The
bylaws, rules, and processes for adopting a
special assessment vary by association.
The amounts of these payments vary by each
strata corporation. They are directly tied to the
size, cost, and complexity of your Strata's
operations and amenities.
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