Annette Thomas

Vancouver Full-time Professional Real Estate Specialist

"I love what I do and it shows"

  • Cell: (604) 773-2451
  • Office: (604) 684-6155
  • Fax: (604) 684-4155
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Strata can be Bare land strata (building lots), Strata lots (divides up apartments or townhouse complexs)


Definition: A strata subdivides a property into individual units (strata lots) and common property.  Each strata owner has title to their individual unit plus a proportional share of the common property.


The Strata Property Act and Regulations provide a framework for the creation and operation of strata developments.
The legislation provides for strata corporations to operate and make decisions based on democratic principles.
Under the Act, the strata lot owners elect a strata council that manages the development and the strata corporation. Many strata corporations hire a strata manager to help thestrata council perform certain tasks.
In addition to the strata council’s role, some strata governance decisions require either majority, ¾ or unanimous votes by the strata lot owners. Strata corporations are also governed by any rules that they create, and by either the schedule of standard bylaws or byamended bylaws.
The Act gives a strata corporation the ability to pass its own bylaws to provide for the control, management, maintenance, use and enjoyment of the strata lots, common property and common assets of the strata corporation.
Here are some useful links concerning the Strata Property Act




 

 

More information is available from the Goverment of British Columbia Office of Housing and Construction Standards website.... Click here

 






 

Annette Thomas
Cell:(604) 773-2451
Office:(604) 684-6155
Fax:(604) 684-4155
RE/MAX Crest Realty (Westside)
#2 - 1012 Beach Avenue
Vancouver, British Columbia
V6E 1T7 Canada