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BC's Strata Property Act  underwent changes in 2010 and here are the highlights:

  1. Age Restrictions - strata corporations can pass an age restriction bylaw
  2. Disclosure of Conflicts of Interest - strata council members are required to disclose conflicts of interest and leave meetings during discussions of related topics
  3. Hearings - an owner may request a hearing at a council meeting by application in writing stating the reason for a request. Council must hold a meeting to hear the applicant within 4 weeks after the request 
  4. Strata Corp Records - a former owner can access strata corp records relating to the time they were an owner 
  5. Resolutions - only 20% of votes (instead of the former 25%) are required by owners wanting their strata corp to consider a resolution at an annual or special general meeting
  6. Email - strata corps can send and receive notices by email
  7. Votes - if there is a tie vote at the AGM or SGM, the president or vice-president may break the tie
  8. Special Levies - if a bylaw is in place regarding changing interest on special levies, and there is a surplus, fuuds for unused special levies will go to the owner of the strata lot at the time of the refund, who may not be the owner that paid the levy (simplifies bookkeeping for strata managers)
  9. Rental Restrictions - where a strata has a rental restriction bylaw, the calculation of units rented should not include rentals to family members or those exempt because of hardship. A rental disclosure statement applies to every owner of the unit and protects the right of the first owner to rent until the date the rental period expires as specified in the Disclosure Statement. New stratas cannot change rules for units already designated rental.
Buying or Selling Vancouver real estate? Put Maggie Chandler's hyper-local experience to work for you! Call 604-328-0077 today

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