Posted Oct 8, 2015, 8:53 PM
|
Registered User
|
|
Join Date: Jul 2001
Location: Vancouver
Posts: 38,231
|
|
Easing requirement for dissolution of a Strata
This is good news for redevelopment of "underutilized" sites.
(i.e. townhouses along the Cambie corridor?)
Quote:
B.C. proposes changes for strata owners
Vancouver, BC, Canada / News Talk 980 CKNW | Vancouver's News. Vancouver's Talk
Charmaine de Silva
October 08, 2015 11:21 am
If you’re a strata owner of an older building, you could be sitting on some pretty valuable real estate.
Current Strata Property Act rules make it tough, though, to sell the building to a developer, because every single owner in the strata needs to agree.
The province wants to change that.
Proposed changes would only require an 80 per cent vote in favour of winding down the strata.
Meaning, one hold-out owner will no longer be able to make it impossible to sell, unless your building has fewer than five units.
...
|
http://www.cknw.com/2015/10/08/provi...s-stratas-rta/
|