Skip to main content

In This Volume

107 (1) A bylaw that establishes a schedule for the payment of strata fees may set out a rate of interest, not to exceed the rate set out in the regulations, to be paid if an owner is late in paying his or her strata fees under that schedule.

  • (2) The interest payable on a late payment of strata fees in accordance with a bylaw referred to in subsection (1) is not a fine, and forms part of the strata fees for the purposes of section 116.

1998-43-107, effective July 1, 2000 (B.C. Reg. 43/2000).

REGULATIONS

See s. 6.8(1) of the Strata Property Regulation, B.C. Reg. 43/2000, at chapter 57 (Strata Property Regulations) in this Manual, regarding the maximum rate of interest that can be set for late strata fees.