Strata Management Licensing Practice Exam · Question
A special levy of $50,000 is approved by Strata Plan NWP1100 in New Westminster for emergency exterior repairs. The strata manager, Michael Chen, calculates the levy. Strata Lot 1 has a unit entitlement of 90, and Strata Lot 2 has a unit entitlement of 120. The total unit entitlement for the entire strata plan is 5,000. What is the amount payable by Strata Lot 2 for this special levy?
Special levies are allocated based on unit entitlement (Section 108(3) Strata Property Act). The calculation for Strata Lot 2 is ($50,000 / 5,000 total unit ent
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Question: A special levy of $50,000 is approved by Strata Plan NWP1100 in New Westminster for emergency exterior repairs. The strata manager, Michael Chen, calculates the levy. Strata Lot 1 has a unit entitlement of 90, and Strata Lot 2 has a unit entitlement of 120. The total unit entitlement for the entire strata plan is 5,000. What is the amount payable by Strata Lot 2 for this special levy?
Answer options:
- $900
- $1,000 ✅ $1,200
- $1,500
Correct answer: $1,200
Explanation: Special levies are allocated based on unit entitlement (Section 108(3) Strata Property Act). The calculation for Strata Lot 2 is ($50,000 / 5,000 total unit entitlement) * 120 unit entitlement = $1,200.
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