September 1999 - British Columbia Real Estate Association

Real Estate Agent, Active Director of a Company, Personally Liable for Breach of Statutory Trust by the Company #309

Harveen Dhaliwal | September 1, 1999

By Gerry NeelyB.A., LL.B. The Alberta Condominium Property Act requires that, upon the sale of residential units, substantial holdbacks from the sale proceeds to be paid to the developer, are to be retained to cover not only the cost of completion of the strata lot, but of the common property. The holdbacks are deemed to be trust …

The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.