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The BC Government through the Strata Property Act (SPA) enables any private land owner to create a strata, which can be single family, duplex, triplex, multi-residential dwellings and also commercial properties such as stores, restaurants, airports, marinas, golf courses, fractional vacation properties, etc. Strata corporations are unlimited ...
Strata properties are a popular housing choice in B.C. because it is convenient, provides security and added amenities and is usually less costly than buying a single-family home. [ 5 ] As the price of single-family housing has soared to unprecedented levels in Vancouver , the number of new condominium sales has increased, along with prices.
The owners corporation must prepare and keep a strata roll in accordance with section 96 of the Strata Schemes Management Act 1996 including the name and addresses of all lot owners, tenants, mortgagees, the original owner and the managing agent, the units of entitlement, insurance details and the by-laws for the strata scheme. [8]
The Strata Council represents the owners internally, and in all matters regulated by the Act. Administration is carried out in accordance with the Act, and governed by the corporation's registered bylaws and rules. Strata Corporation staff is responsible for the overall operation and fiscal management.
Simplified rules of consanguinity: In absence of any heir by the fourth-degree, the entire estate reverts from the deceased to the provincial government and subject to BC Escheat Act Expanded judicial authority : courts may now resort to curative provisions under Section 58 to remedy testamentary instruments that lack prescribed statutory ...
Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment ...
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
The term Government of British Columbia can refer to either the collective set of all three institutions, or more specifically to the executive—ministers of the Crown (the Executive Council) of the day, and the non-political staff within each provincial department or agency, i.e. the civil services, whom the ministers direct—which ...