Land Title Practice Manual

195 Expenses Of Section

In This Volume

195 Subject to section 100 and the regulations, expenses of the strata corporation that relate solely to the strata lots in a section are shared by the owners of strata lots in the section and each strata lot’s share of a contribution to the operating fund and contingency reserve fund is calculated as follows:

         
  unit entitlement of strata lot x total contribution  
  total unit entitlement of all strata lots in section      

1998-43-195, effective July 1, 2000 (B.C. Reg. 43/2000).

REGULATIONS

The Strata Property Regulation, B.C. Reg. 43/2000, is included at chapter 58 (Strata Property Regulations).

Operating Expenses

Limited Common Property for Some Strata Lots in Sections

See s. 11.2(1) of the Strata Property Regulation for the formula for sharing operating expenses related to limited common property in sections.

Types of Strata Lots in Sections

See s. 11.2(2) of the Strata Property Regulation for the formula for sharing operating expenses among types of strata lots in sections.

Some But Not All Strata Lots in Sections

See s. 11.3(1) of the Strata Property Regulation for the formula for sharing operating expenses among some strata lots in sections.

Contingency Reserve Expenses

Limited Common Property or Types of Strata Lots in Sections

See s. 11.2(3) of the Strata Property Regulation for the formula for sharing contingency reserve expenses for limited common property in sections or types of strata lots in sections.

Some But Not All Strata Lots in Sections

See s. 11.3(2) of the Strata Property Regulation for the formula for sharing contingency reserve expenses among some but not all strata lots in sections.

Special Levies

Limited Common Property or Types of Strata Lots in Sections

See s. 11.2(3) of the Strata Property Regulation for the formula for sharing special levies for limited common property in sections or types of strata lots in sections.

Some But Not All Strata Lots in Sections

See s. 11.3 of the Strata Property Regulation for the formulas for sharing special levies for some but not all strata lots in sections.

Budget Allocations to Strata Lots in Sections under the Condominium Act

See s. 17.13 of the Strata Property Regulation regarding the apportionment of common expenses to one or more types of strata lots under s. 128(2) of the Condominium Act.

PRACTICE

Certificate of Payment, Form F

A certificate of payment under s. 256 of the Act must be signed on behalf of the strata corporation and not on behalf of the section.

Submissions

On the Declaration form, click on Form F, Statement, and a description of the Form F automatically appears. Do not attach an image of the Form F, Certificate of Payment to a Declaration.