Condominium Contribution (Condo Fees) ​

A condominium contribution — what most owners call condo fees — is the regular payment each owner makes to fund the corporation. It's the money that keeps the building running and the reserve fund growing.

What it means for your board ​

Each year your board sets a budget for what the corporation will spend, then divides it among owners to set contributions. In most Alberta corporations, each owner's share is based on their unit factor — the proportion of the corporation that their unit represents.

Contributions typically fund two things: the operating fund for day-to-day costs, and the reserve fund for future major repairs. Set them too low and you'll eventually face a special levy; set them with a clear budget and reserve plan, and owners know exactly what they're paying for.

What the Condominium Property Act says ​

Owners are obligated to pay the contributions levied by the corporation, and the corporation funds its operating and reserve obligations through them. How contributions are assessed and allocated is governed by the Condominium Property Act and your corporation's bylaws, generally in proportion to unit factors unless your bylaws provide otherwise.

Confirm how your bylaws allocate contributions before setting or changing fees.

How Qworum helps ​

Qworum tracks contributions per unit, ties them to your budget, and shows owners where their money goes. Start a free trial.

General information about Alberta condominium concepts — not legal advice. Confirm your corporation's obligations under the Condominium Property Act.