An annual budget for the maintenance of common expenses is approved by the strata council before the end of a fiscal year. The proposed budget is then presented to the owners at the Annual General Meeting for the approval by a majority vote of the owners in attendance The budget will include all of the anticipated expenses necessary to cover the annual common (shared) expenditures for the fiscal year. An example of such expenses are:
Each unit is then assessed their portion of the total budget based on their unit entitlement as per the calculation below:
Unit Entitlement of Strata Lot | |
----------------------------------- | X Total Contribution |
Unit Entitlement of All Strata Lots |
Unit entitlement is determined by the developer prior to your Strata Plan being registered at Land Titles Office. It is a representation of each homes total square metres in relationship to the total square metres of all lots.
Company - About Campbell | Campbell Strata Leadership | Our Services | Communities We Serve | Testimonials | Careers
Strata Management - Council Benefits | Developer Benefits | Owner Benefits |
Documents - Forms + Documents | Order Documents
Getting in Touch - Contact Us | Request a Proposal |
Using this Site - Terms of Use | Site Map
@ Copyright 2009 - 2019 Campbell Strata Management Ltd.
Developed by ASC Creative Ltd.