August 31, 2020
Strata corporations required to report material changes in insurance coverage to strata-lot owners
Earlier this month, an amendment to the Strata Property Act came into force, requiring strata corporations to “inform owners and tenants as soon as feasible of any material change in the strata corporation’s insurance coverage, including any increase in an insurance deductible.” This amendment implements one of the 11 recommendations found Read more…
June 26, 2020
British Columbia amends the Strata Property Act to tackle insurance concerns
With a bill introduced in the legislative assembly earlier this week, the British Columbia government is proposing amendments to the Strata Property Act to address concerns over the cost and availability of insurance for strata corporations. Bill 14 proposes a series of amendments that touch on depreciation reports, disclosure, the Read more…
June 1, 2020
Strata Property Regulation amendments address insurance, general meetings during a state of emergency
Recent amendments (PDF) to the Strata Property Regulation are intended to address two pressing concerns for strata corporations: (1) paying for insurance in the face of a sharp rise in insurance premiums and (2) dealing with general meetings during a state of emergency. The first amendment sets out a definition Read more…
April 22, 2020
Ministerial order clears the way for strata corporations to meet electronically
Late last week, the minister of public safety and solicitor general issued an order (PDF) under British Columbia’s Emergency Program Act enabling all strata corporations in the province to hold meetings electronically. The order applies to any “strata property meeting,” which is defined as “a meeting authorized or otherwise provided Read more…
August 8, 2019
A closer look at the Report on Common Property, Land Titles, and Fundamental Changes for Stratas: Should the Strata Property Act continue to require a resolution passed by a unanimous vote to authorize changing the basis on which a strata lot’s share of the contribution to the strata’s operating fund and contingency reserve fund is calculated?
This post is part of a series highlighting key recommendations in the Report on Common Property, Land Titles, and Fundamental Changes for Stratas. For other entries in the series, click here. Brief description of the issue The general rule for strata corporations is to calculate a strata lot’s share of the Read more…