Mike Managan is an experienced lawyer, teacher and author of The Condominium Manual
So you’ve bought into a new Vancouver condo building and probably have a lot of questions regarding teething pains and how the building is managed.
The SPA imposes various duties on the developer at different stages of the cycle, creating 3 stages.
Before any strata lots are conveyed – until eligible voters elect a strata council, the developer must manage the strata corp and exercise the powers and perform the duties of the council.
The developer continues to serve as a strata council until the first AGM. However, eligible voters have the power to hold special meetings to pass resolutions by majority vote to direct or restrict the developer in the performance of their council duties.
According to the BC Strata Title Act, the developer must call the first AGM within 43 days of the earlier of the date on which 50% plus one of the strata lots have been conveyed to buyers or 9 months after the date of the first conveyance.