Get Strata Property Act Form F Certificate of Payment

Strata fees will include contributions to the operating fund, for expenses that occur once a year or more often, and will also include contributions to the contingency reserve fund for expenses that occur less than once a year or do not usually occur. Strata fees are usually paid monthly.

Common expenses paid from the operating fund Examples of operating fund expenses include things like: monthly utilities; seasonal landscaping, weekly cleaning, minor maintenance, professional services cuh as strata property management and annual insurance costs for the strata corporation.

The "Form F: Certificate of Payment" provides information on whether the owner of a strata lot owes money to the strata corporation. The Form F is required by the Land Title Office when transferring a strata property to a new owner.

A. Strata fees can be paid in one of three ways: Pre-authorized payment – strata fees are directly withdrawn from your bank account on a monthly basis. ... Post dated cheques – provide a series of post dated cheques to our office and make sure to provide more when they run out.

Strata fees vary greatly from area to area and building to building. It is difficult to compare fees directly because they depend on the management style of the strata as well as the type of amenities that are offered. In general, monthly strata fees in Metro Vancouver range between 25 and 59 cents per square foot.

Some of the specific obligations of long-term tenants are: to pay strata fees. to pay special levies that are due within the term of the lease and. to maintain and repair parts of the strata lot and limited common property that the bylaws make the owner responsible to maintain and repair.

Strata housing is often referred to as condos or condominiums. However, strata housing not only includes apartment-style condominiums but can also include: duplexes, townhouses, fractional vacation properties, even single family homes in bare land strata corporations (“strata subdivisions”).

If significant strata bylaws are repeatedly or continuously broken by a tenant, the strata corporation can take steps to evict the tenant. The Residential Tenancy Branch Policy Guideline #27 (updated November 21, 2022) has more information on this.