You’ve asked me to outline how the various accounts work within a strata corporation’s financial structure and what common property is versus strata lot property.

The1)            There are 2 types of bank accounts:

When a strata corporation finds its owners polarised by events or issues, owners take to writing vitriolic emails and letters all in attempt to convince the other owners they are right. Often the first casualty of this war of words is the truth. To be fair, some owners may not know the full truth and all the gritty details around a particular issue but it doesn’t stop them from inventing the truth and worse than that i

What is Common Property?

It’s always been my view that the Strata Property Act and the Condominium Act of BC’s authors had always intended to make a strata lot a home within a building. And as such, the legislation was supposed to have been interpreted with that in mind. The concept, born in Australia, and adopted in BC in the ‘60s provided affordable housing for our ever‑expanding population.

In my view, one of the most essential documents to review is the Strata Corporation’s insurance Loss History. The Loss History shows what incidents have been reported to their insurer, the payout on claims but most importantly it’s a record of events that may not be reported in the Strata Corporation’s minutes.

Sometimes, strata council meetings go â

One of my clients recently went to court to foreclose on a strata lot for failure to pay for their bulk cable/phone/internet charges. The court ruled that because it was ‘non‑essential service’ that the strata corporation had no right to impose that charge on the owner.

the strata corporation argued that the cabling was common property and that the concept of strata lots paying their share of natural gas, electr