The homeowners pay for the services with each homeowner paying an assigned share based on the square footage of their home. An operating budget is prepared annually to determine the cost of the services rendered to the Strata Corporation. The monthly assessment paid by the homeowner covers the following:
- Exterior building, insurance and public liability
- Garbage removal
- Water and sewer charges
- Exterior building maintenance
- Ground maintenance and seasonal expenses such as snow removal no community roads, etc.
- Common area maintenance and landscaping
- Common area lighting
- Maintenance of common equipment
- Management
- Administration expenses
- Tools, equipment and supplies to service the common area
- Contingency reserve fund (CRF)