How is Strata Fees defined in a legal contract?
- Strata Fees means the fees that have to be paid by the owner of the strata lots to the strata corporation. These fees are the owner's share of the annual approved budget, determined by the strata corporation in line with the property laws and bylaws. Seen in 2 SEC filings
- Strata Fees means any costs determined by the Strata Corporation, inclusive of monthly strata fees and any special levies assessed against the premises. Seen in 1 SEC filing
- Strata Fees means assessed strata fees contributions to the contingency reserve fund, penalties, special assessments, legal costs, administrative fees, collection costs, bank charges, move-in fees, unpaid taxes, fines and any other charges levied from time to time by the council. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of strata fees' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Strata Fees means the fees paid by an owner to a strata corporation, including monthly charges and any special levies.
Relevant Contract Types
Relevant Circumstances
- Acquisition and sale of properties
- Formation or dissolution of homeowner association
- Leasing properties located in a strata corporation
Relevant Sectors
Genie Definition 2
- Strata Fees means assessed charges, including penalties, legal costs, bank charges, unpaid taxes, fines against the premises.
Relevant Contract Types
Relevant Circumstances
- Engaging a property management service for a strata property
- Handling of strata property's financial operations
- Assessing strata property charges and penalties
Relevant Sectors
Strata Fees means the fees paid by an owner to a strata corporation, including monthly charges and any special levies
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