Sentences with phrase «behalf of the strata»

To the extent that he acts on behalf of strata property managers and numerous strata corporations, he provides representation not just as litigation counsel appearing at the superior Courts of British Columbia, at arbitration, mediation and administrative tribunals such as the Human Rights Tribunal, Employment Standards and City Variance hearings, but also as legal advisor in the strata and real estate regulatory fields as well as all other areas of the law.

Instead she says that she practices the «4 P's» on behalf of strata - counsels: «Pets, Parking, Pot and Prostitution!»

Section 9 - 3 of the Rules allows an individual licensee who is a strata lot owner to provide strata management services to or on behalf of the strata corporation in which the strata lot is a member so long as the licensee:

If a brokerage is to collect and hold funds on behalf of the strata corporation, those funds must be kept in a separate trust account in the name of the brokerage on behalf of the client e.g. ABC Strata Management Co. in trust for VR 12777.

Assisting an experience Strata Manager in preparing meeting minutes and correspondence on behalf of the Strata Corporations.

The strata corporation, as employer, is free to decide the extent to which its employee may act on its behalf and may, for example, give him or her complete control of the strata corporation's money, authority to enter into contracts on behalf of the strata corporation, and so on.

does not have sole signing authority for approval of expenditures or withdrawal of funds on behalf of the strata corporation;

In addition, the owner / developer is exempt from the requirements to be licensed as a strata manager in respect of the strata management services that it provides on behalf of the strata corporation until the control of the strata corporation's money is required to be transferred to the strata corporation.

In relation to a strata corporation, the owner - developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2 of the Act in respect of strata management services provided to or on behalf of the strata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Property Act.

Accordingly, the only strata management service such an individual may provide is collecting money on behalf of the strata.

An individual is exempt from the requirements to obtain a licence for strata management if the individual provides strata management services on behalf of the strata corporation of which he or she is an owner, as long as the individual provides such services to no more than two strata corporations.

(b) provides the strata management services to or on behalf of the strata corporation of which the person is a member by reason of being the owner of the strata lot, and

2.18 (1) Subject to subsection (2), an individual who is employed as a caretaker or manager by a strata corporation, or by a brokerage that provides strata management services to or on behalf of a strata corporation, is exempt from the requirement to be licensed under Part 2 of the Act in respect of collecting strata fees, contributions, levies or other amounts levied by, or due to, the strata corporation under the Strata Property Act.

(j) the average monthly total of strata fees, excluding special levies, collected on behalf of strata corporations, including sections.

2.19 In relation to a strata corporation, the owner developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2 of the Act in respect of strata management services provided to or on behalf of the strata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Property Act.

(b) if the blended payment was deposited in a trust account maintained in the name of a section of the strata corporation, transfer that portion of the blended payment that was received on behalf of the strata corporation or received on behalf of another section of the strata corporation, to a trust account maintained under section 7 - 9 (2)(a) in the name of the strata corporation or the other section, as the case may be.

(e) a description of the records that are to be kept by the brokerage on behalf of the strata corporation, including an indication of which, if any, of the records required under section 35 of the Strata Property Act that the brokerage will retain on behalf of the strata corporation;

Under RESA, «strata management services» means any of the following services provided to or on behalf of a strata corporation:

9 - 3 (1) Subject to this section, the Act and these rules do not apply to an individual licensed as a managing broker, associate broker or representative who is a strata lot owner in relation to strata management services provided to or on behalf of the strata corporation of which the licensee is a member by reason of being a strata lot owner, if all the following conditions are met:

(a) if the brokerage is to hold the money on behalf of the strata corporation, transfer it to an applicable trust account under subsection (2)(b) or (c), or

(c) the scope of the authority of the brokerage or a related licensee when acting on behalf of the strata corporation, including any authority to

(10) Despite subsection (9), the brokerage may retain sufficient funds to pay outstanding and anticipated invoices related to expenses incurred on behalf of the strata corporation before the termination of the service agreement.

(8) When making investments on behalf of a strata corporation, a licensee providing strata management services is subject to the same restrictions, if any, that apply under the Strata Property Act to the strata corporation in relation to its investments.

There is the potential for a conflict of interest to arise if a strata management company, for example, provides rental property management services on behalf of a strata lot owner who rents out a strata lot located in a strata corporation which the strata management company manages.

In conjunction with the above, the Rules require that: (1) a brokerage providing strata management services must establish in its service agreement the brokerage's scope of authority to sign cheques and make disbursements on behalf of its strata corporation clients [section 5 - 1 (5.1)(c)(i)-RSB-; and (2) the service agreement include a brokerage's authority to transfer amounts between brokerage trust accounts maintained for the strata corporation under section 7 - 9 (2) of the Rules [section 5 - 1 (5.1)(b)(i)-RSB-; Therefore, the Real Estate Council, when investigating complaints or conducting an audit regarding a brokerage, will look at service agreements to determine a brokerage's scope of authority relative to withdrawal of funds from trust accounts.

unless they have already been provided, invoices for expenditures incurred on behalf of the strata corporation.

Section 7 - 9 of the Real Estate Council Rules was amended on July 1, 2012 to require a brokerage that holds special levy money on behalf of a strata corporation to hold that money in at least one trust account separate from the operating fund account and the contingency reserve fund (CRF) account.

Therefore, regardless of the amount of money that a brokerage may hold in trust on behalf of a strata corporation, the maximum amount that could be recovered from the special compensation fund, should there be a significant misappropriation, would be $ 100,000.

Brokerages that collect money on behalf of strata corporations or sections often collect a single payment from each strata lot owner that includes the monthly strata fee and a portion intended to be added to the contingency reserve fund.

monthly reconciliations of banking statements of all trust accounts held on behalf of the strata corporation; and

contract with a brokerage licensed to provide rental property management services to manage the unit on behalf of the strata corporation.

The brokerage may retain sufficient funds to pay outstanding and anticipated invoices related to expenses incurred on behalf of the strata corporation before the termination of the service agreement.

It is important to note that the brokerage has an obligation under the Council Rules to retain certain records prepared on behalf of the strata corporation, as originals or as copies of the originals, for at least 7 years after their creation.

In order to ensure that the strata corporation's records are correct, licensees who are contracted to sign and provide Form B's on behalf of their strata corporation clients should bring this to their client's attention.

Not exact matches

Management Rights are very popular in Queensland and smaller accommodation complexes are run by couples that purchase a unit in the building along with the business rights to manage the balance of the strata titled holiday apartments on behalf of the property investors as holiday letting accommodation.

* Claims: As reported by Becki Gray, Carolina Journal, Nov. 3, 2015; Claims Source: The Renewable Portfolio Standards NC (Institute of Political Economy at Utah State University / Strata Policy), Feb. 2015 + NC Department of Revenue, Renewable Energy Property http://www.dornc.com/publications/incentives/2015/index.html ^ Bureau of Labor Statistics, Local Area Unemployment Statistics, 2005 - 2009: http://data.bls.gov/timeseries/LASST370000000000003 ~ NC Utilities Commission attorney, as reported by The News & Observer, Apr. 22, 2015: http://www.wral.com/proposed-rollback-on-nc-renewable-energy-requirements-again-rejected/14599311/ ** NC Sustainable Energy Association, 2015 Clean Energy Industry Census, + + RTI International, Economic and Rate Impact Analysis of Clean Energy Development in North Carolina — 2015 Update, Feb. 2015 ^ ^ TechNet letter submitted on behalf of Apple, Google and Facebook to NC General Assembly, May 2015: http://cleanenergync.com/wp-content/uploads/2015/06/Apple-Inc.-Facebook-Inc.-Google-Inc.pdf

Sections 171 and 172 of the Strata Property Act, S.B.C. 1998, c. 43, permitted a strata corporation to bring an action on behalf of and as a representative of oStrata Property Act, S.B.C. 1998, c. 43, permitted a strata corporation to bring an action on behalf of and as a representative of ostrata corporation to bring an action on behalf of and as a representative of owners.

«Instead of getting into court to argue the case on a client's behalf,» says Chang, «now we're in the background and drafting submissions going in under the name of some volunteer strata council member,» even though such documents will be drafted in such a way that they are obviously the submissions of a lawyer.

Am I able to assist in the management of that strata corporation, either by sitting as a member of the strata council, or by providing strata management services, on my own behalf?

In the case of strata management services, «principal» is defined as «the strata corporation to whom or on behalf of whom the services are provided».

As a result, a caretaker or other employee of the strata corporation to whom or on behalf of whom the services are provided, resident on the premises or other wise, may provide strata management services if he or she is an employee in accordance with the criteria of the Canada Revenue Agency.

Section 5 - 12 of the Rules requires that a licensee providing rental property management services and strata management services must also make disclosure of any benefits that a brokerage or licensee anticipates receiving as a consequence of making expenditures on behalf of a principal to whom the rental property management or strata management services are being provided.

This section refers to benefits received in relation to providing rental property management or strata management services where these benefits are received as a result of an expenditure made by or on behalf of a principal.

Disclosure is required if the rental property manager or the strata manager anticipates receiving, either directly or indirectly, a benefit from expenditures made by or on behalf of a principal to whom the rental property or strata management services are provided.

Since licensing is required of those providing real estate services «to or on behalf of another, for or in expectation of remuneration», licensing and the other requirements of RESA do not apply to strata council members who are not licensees and who volunteer their time.

Ray is not being asked to manage individual rental units, but to provide management to the complex on behalf of the cooperative itself, in a manner akin to strata management.

8 - 7.1 (1) A brokerage must maintain separate books, accounts and other records with respect to each strata corporation to or on behalf of whom the brokerage provides strata management services.

(a) anticipates receiving, directly or indirectly, a benefit from expenditures made by or on behalf of a principal to or on behalf of whom rental property management services or strata management services are or may be provided, or

(a) if the blended payment was deposited in a trust account maintained in the name of the strata corporation, transfer that portion of the blended payment that was received on behalf of a section of the strata corporation to a trust account maintained under section 7 - 9 (2)(a) in the name of that section, and

(2.1) If a brokerage receives money that is subject to subsection (2) by means of direct electronic deposit into a brokerage trust account that receives funds on behalf of more than one strata corporation, the money must be transferred to the applicable trust account under subsection (2) no later than 3 days after the day on which it was received.