What is Strata?
A strata is responsible for managing the common property and common assets of the completed development for the benefit of the owners. The owners of each home within the development are members of the strata.
What is Strata Council?
The Strata Council is a group of elected owners who oversee the day-to-day running of the property and the strata’s affairs.
If you’re interested in volunteering your time to the strata council then be sure to attend your strata meetings for specific instructions.
What are Strata Fees?
Strata fees cover items such as insurance for the building and common areas, landscaping, garbage pickup and snow removal. Be sure to check the disclosure statement to see what is included in your strata fees.
A percentage of your strata fee will also be set aside into a contingency fund for future repairs and long-term maintenance.
Further information will be provided on how to set up your banking information for strata fees.