Strata Management Licensing Practice Exam · Question
Strata fees are typically calculated based on:
Strata fees are generally calculated based on the unit entitlement or proportionate share of each strata lot, ensuring that owners contribute to common expenses
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Question: Strata fees are typically calculated based on:
Answer options: ✅ The unit entitlement or proportionate share of each strata lot
- A fixed rate per strata lot, regardless of size or features
- The number of occupants residing in each strata lot
- The market value of each strata lot at the time of fee calculation
Correct answer: The unit entitlement or proportionate share of each strata lot
Explanation: Strata fees are generally calculated based on the unit entitlement or proportionate share of each strata lot, ensuring that owners contribute to common expenses based on their share of the property, as per provincial strata legislation.
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