Strata Management Licensing Practice Exam · Question
Which of the following transactions requires a 'Form E: Certificate of Payment' to be issued?
Upon the sale of a strata lot, the Strata Property Act requires the strata corporation to provide a Form E, certifying that all money owing to the strata corpor
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Question: Which of the following transactions requires a 'Form E: Certificate of Payment' to be issued?
Answer options:
- A strata lot owner paying their monthly strata fees. ✅ The sale of a strata lot.
- A strata corporation paying its insurance premium.
- A strata manager submitting their invoice for services.
Correct answer: The sale of a strata lot.
Explanation: Upon the sale of a strata lot, the Strata Property Act requires the strata corporation to provide a Form E, certifying that all money owing to the strata corporation by the seller has been paid, or the amount owing if not fully paid.
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