Nine New Changes to BC Strata Property Act
by Maggie Chandler on March 23, 2011
in Buyers Tips
The strata property act underwent changes in 2010 and here are the highlights
Age restrictions – strata corporations can pass an age restriction bylaw
- Disclosure of conflicts of interest – strata council members are required to disclose conflicts of interest and leave meetings during discussions of related topics
- Hearings – an owner may request a hearing at a council meeting by application in writing stating the reason for a request. Council must hold a meeting to hear the applicant within 4 weeks after the request
- Strata Corporation Records – a former owner can access strata corporation records relating to the time they were an owner
- Resolutions - only 20% of voties (instead of the former 25%) are required by owners wanting their strata corp to consider a resoluation at an annual of special general meeting
- Email – strata corps can send and receive notices by email
- Votes – if there is a tie vote at the AGM or SGM, the president or vice-president may break the tie
- Special Levies – if a bylaw is in lace regarding charging interest on special levies, and there is a surplus, refunds for unused special levies will go to the owner of the strata lot at the time of the refund., who may not be the owner that paid the levy (simplifies bookkeeping for strata managers)
- Rental Restriction – where a strata has a rental restriction bylaw, the calculation of units rented should not include rentals to family members or those exempt because of hardship. A rental disclosure statement applies to every owner of the unit and protects the right of the first owner to rent until the date the rental period expires as specified in the disclosure statement. New stratas cannot change rules for units already designated rental.
View my other Buyer posts and Price Trends in Your Neighbourhood
Have a strata property question or experience you’d like to share with us?
Leave A Reply With Facebook
comments
Post by
WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
Providing trustworthy real estate services in the Vancouver area for over 30 years
has written 2248 articles.
You may enjoy these related posts:
{ 3 comments… read them below or add one }
After an AGM or SGM, by when must the Minutes be distributed to the owners?
i believe within 30 days
If at agm it was passed that owners can replace their windows at their own expense are they exempt from any special levey for windows replaced by corporation in the future
You must log in to post a comment.