What are strata fees, and how are they determined? Your monthly strata fee is money that the strata corporation uses to pay the common expenses of the development. Your individual fee is assessed by taking the total cost of the strata's expenses and dividing that by the unit entitlement of your strata lot.

What are strata fees?

What do strata fees cover? The strata fees essentially cover everything that will ensure your property and the building remains in good shape for use by the tenant. The management's responsibility is to pay for these expenses, including maintenance, insurance, management fees, repairs and upkeep of utilities.

What is a good strata fee?

According to the Flat Chat strata online forum, annual strata levies should fall between 0.8% and 1.2% of a property's value when the complex offers facilities, and between 0.3% and 0.7% when there are little to no facilities. It is clear, then, that adding facilities to your strata will increase the property's budget.