What are strata fees and what do they pay for?

Question

Stratapages · Accepted Answer

Strata fees (levies) fund everything the owners corporation has to pay for: insurance, building maintenance, common-area cleaning, gardens, lifts, electricity, the strata manager's fee, audits, and a long-term sinking fund for major repairs.

Levies are usually split between an administrative fund (day-to-day running costs) and a capital works/sinking fund (long-term major works like painting and lift replacement). Some schemes also have a third fund for specific shared facilities like a pool or gym.

## How the budget is set

The budget is set each year at the AGM. Owners can ask questions, propose amendments and vote on the final figure.

## Where to find the detail

Your AGM notice must include the proposed budget with line items. If you can't see what a line covers, ask the strata manager for the underlying invoice or contract — you're entitled to it.