For which item can a strata corporation register a lien?

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Multiple Choice

For which item can a strata corporation register a lien?

Explanation:
A strata corporation can secure payment by attaching a lien to a unit for amounts it is owed from the owner, specifically unpaid strata fees (including any approved special levies). This mechanism is the recognized remedy under the Strata Property Act to ensure ongoing funding for the building’s operations and maintenance. Fines are penalties under by-laws and aren’t tied to a lien in the same way; municipal property taxes are charged by the city to the owner and handled separately; insurance premiums are paid to the insurer and not treated as a debt to the strata corporation that can be liened on the property. Therefore, unpaid strata fees are the item that can have a lien registered.

A strata corporation can secure payment by attaching a lien to a unit for amounts it is owed from the owner, specifically unpaid strata fees (including any approved special levies). This mechanism is the recognized remedy under the Strata Property Act to ensure ongoing funding for the building’s operations and maintenance. Fines are penalties under by-laws and aren’t tied to a lien in the same way; municipal property taxes are charged by the city to the owner and handled separately; insurance premiums are paid to the insurer and not treated as a debt to the strata corporation that can be liened on the property. Therefore, unpaid strata fees are the item that can have a lien registered.

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