Leasehold Strata Parking and Storage #475
![An apartment building that is brick on its lower half and white on its top half](https://www.bcrea.bc.ca/wp-content/uploads/Stratacondo.jpg)
Strata developers often use long-term leases to generate revenue from the sale of leasehold interests in parking stalls and storage lockers. A recent case1 reminds licensees about the importance of the lease documentation, the requirements for which were updated in 2014.2 In a lease over land, recall that the tenant acquires exclusive possession for the …