The governing body of a condominium building responsible for managing common property, collecting fees, maintaining reserve funds, and enforcing bylaws. The financial health of a strata corporation di
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The governing body of a condominium building responsible for managing common property, collecting fees, maintaining reserve funds, and enforcing bylaws. The financial health of a strata corporation directly affects unit values and financing eligibility.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
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