107 Payment Of Strata Fees

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 the owner’s 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); 2022-41-13, effective November 24, 2022.