Can a strata corporation charge interest on special levies?

Yes. Section 108(4.1) of the Strata Property Act, SBC 1998, c.43 permits a strata corporation to charge interest on late payment of a special levy. The rate of interest must be set out in a bylaw or in the resolution approving the levy.
The rate of interest cannot exceed that permitted by the regulations, being 10% per annum, compounded annually. 1





  1. Strata Property Regulation, B.C. Reg. 43/2000, s.6.8(2)
Oscar Miklos
Oscar Miklos is the founder and principal lawyer at Refresh Law in Burnaby and the founder of He regularly advises residential and commercial landlords and tenants, strata owners, strata corporations, property managers and insurance providers in all aspects of housing disputes.