Category: Strata

Is strata right for me This is a personal question and each strata is different When you are buying into a strata you are buying into a community and you should carefully read through the Form B package, the rules, minutes, and bylaws to ensure that who your are matches the "personality" of the community When in do...

Thank you to Okanagan Mainline Real Estate Board (@OMREBcze) for inviting me to speak at their recent AGM, held in Kelowna on March 13, 2014Lecture Notes:Strata Due Diligence and Strata Depreciation Reports for Realtors Westbank First Nations and INAC Residential Sales ContractsIt is our pleasure to as...

Under the Strata Property Act, a Contingency Reserve Fund (CRF) is established to pay for extraordinary expenses, but under the Act, the amount in the CRF was established by a formula (which had NO relationship  to the age of the building!) Furthermore, the amount of contribution to the CRF was CAPPED, unless an ¾ vo...

"Can I bring my (dogs/cats/lizards/emus) to my new home" is a phone call I get on a weekly basis by Purchasers who want to ensure the furry, fuzzy, and scaly members of their family are welcome in their new homeGenerally there are three sources of law that can impose limitations on the right of a home owner to have...

This weeks blog post is definitely not legal advice, however growing up in the Real Estate industry for the past 34 years, there are definitely a few ways I have discovered that both Realtors and Lawyers can add value to their clients transaction:Negotiate from a position of strength – in short, ensure that your ...

In a recent ruling of the Real Estate Council a Realtor in Vancouver was suspend for failing to adequately describe to his client that his property was bare land strata In this issue of the BC Real Estate Law Blog we discuss the nature of Bare Land Strata and what Realtors should be explaining to clients when they mark...

The applicability of a bylaw restricting the rental of strata property is an area of law which requires the interpretation the Strata Property Act and the Strata Property RegulationsGenerally, a strata corporation may impose bylaws which limit the number of rentals which are permitted in the building The enforceability...

Where there is an outstanding or, contemplated special levy (as found in the minutes), Buyers and Sellers need to clearly state WHO is responsible for paying the levy Ideally, a sharp realtor has considered the issue and stuck in a clause in the contract but, in the event it is forgotten:ensure you get a copy of ...

Most people think of condos when they think of strata property, however in British Columbia, strata property can include detached and semi-detached homes, apartments, and even bare land The Strata Property Act imposes rules on the home owner which regulates the home owners use of the lands The rules can include pet res...