Strata Corporation Finances (22:VIII): Difference between revisions
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Strata Corporation Finances (22:VIII) (view source)
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'''b) Strata Fees'''<BR> | '''b) Strata Fees'''<BR> | ||
To create the operating fund, each owner contributes fees that are determined by reference to the budget approved at the annual general meeting. These fees are generally a strata corporation’s primary source of income. The default formula to calculate strata fees is set out in s 99: | To create the operating fund, each owner contributes fees that are determined by reference to the budget approved at the annual general meeting. These fees are generally a strata corporation’s primary source of income. The default formula to calculate strata fees is set out in s 99: | ||
[[File:SPA 99 2.gif|alt={a mathematical equation that is (Unit Entitlement of Strata Lot/Entitlement of all Strata Lots) x Total Contributions}]] | |||
:{| | :{| | ||
