Whether you currently live in a Strata Corporation (condo, townhouse, or a stratified complex) or are looking to purchase a home in one, it is important to understand how Strata Corporations operate and learn some basic terminology. Common Property (CP) and Limited Common Property (LCP) affects who has access to the property and who
A sectioned strata corporation is designed to separate a building with different uses and components. They are commonly grouped into two categories: residential and commercial sections. There are also strata corporations that consist of both sections (residential and commercial) where the strata corporation is responsible for maintaining the common area shared by both the residential
When it comes to hiring a Strata Management company, it is important for your Strata Corporation to consider their needs and the level of service required such as: number of meetings held annually, maintenance requirements, and the balance between the Strata’s budget and the services needed. Other factors to take into consideration are building size
Hiring a Strata Management company as part of the development process can be highly beneficial for developers and new developments, as there are many obligations under the Strata Property Act (SPA) that the developer is required to follow, such as when to hold the first Annual General Meeting (AGM) and transferring documents to the Strata
Every day management companies in the Lower Mainland receive calls from small Strata Corporations ranging in size from 10 to 50 units requesting information on Property Management services and costs. Until now, few management companies have been interested in working with smaller Strata Corporations simply because the cost involved for full management is usually beyond
A new dispute resolution process for Strata Corporations in BC is in the works. Presently the Court of Justice for the Strata cases is the Supreme Court of .C and for many years that was the final dispute resolution course (going to court). The good news for Strata (condominium) owner’s is that on May 31,
