Contingency Reserve Fund

Condo Document Alert #451

Legally Speaking

The majority of all new housing starts involve strata properties. In a dozen municipalities, strata properties now make up more than half of all taxable properties.1 In December 2011, the provincial government changed several important strata requirements.2 Whether a licensee markets strata properties or manages them, the licensee needs to know about these developments. The

Strata Property Act Regulations #324

Legally Speaking

By Gerry NeelyB.A. LL.B. BCREA published in 1999, a very useful cpe seminar manual, called Strata Property Law for REALTORS, on strata property law and in particular, the Strata Property Act which becomes law on July 1, 2000. This year, regulations to the Act were published which will affect developers, owners and strata councils. The Act requires an owner/developer to