Sentences with phrase «interest of the strata corporation»

take any other action that is not at the direction of the client, or may be construed as acting against the client's wishes; even if the strata manager believes that these actions are in the best interest of the strata corporation.

Not exact matches

17.20 (1) If a strata corporation that is subject to a schedule of interest on destruction applies under section 259 of the Act to amend a strata plan to add to, consolidate or divide a strata lot, the application must be accompanied by an Amended Schedule of Interest on Destruction whiinterest on destruction applies under section 259 of the Act to amend a strata plan to add to, consolidate or divide a strata lot, the application must be accompanied by an Amended Schedule of Interest on Destruction whiInterest on Destruction which shows

(2) If amalgamating strata corporations submit an Amended Schedule of Interest on Destruction with an application under section 269 of the Act, the Certificates of Strata Corporation required by section 269 (2)(b)(v) of the Act must also state that the Amended Schedule of Interest on Destruction conforms to the amalgamation agrestrata corporations submit an Amended Schedule of Interest on Destruction with an application under section 269 of the Act, the Certificates of Strata Corporation required by section 269 (2)(b)(v) of the Act must also state that the Amended Schedule of Interest on Destruction conforms to the amalgamation agreStrata Corporation required by section 269 (2)(b)(v) of the Act must also state that the Amended Schedule of Interest on Destruction conforms to the amalgamation agreement.

17.22 (1) A strata corporation that is subject to a schedule of interest on destruction may cancel that schedule of interest on destruction as follows:

(a) the amalgamated strata corporation is not subject to a schedule of interest on destruction, and

(2) For the purposes of section 108 (4.1) of the Act, the maximum rate of interest that a strata corporation may establish under that section is 10 % per annum compounded annually.

6.8 (1) For the purposes of section 107 (1) of the Act, the maximum rate of interest that a strata corporation may set out in its bylaws for the late payment of strata fees is 10 % per annum compounded annually.

(5) Section 267 of the Act applies to an Amended Schedule of Interest on Destruction referred to in subsection (1), (2) or (4) and to the Certificate of Strata Corporation referred to in subsection (2) as though those documents were listed in section 267 (d) of the Act.

(4) If a strata corporation that is subject to a schedule of interest on destruction applies under section 263 of the Act to amend a strata plan to add a strata lot to the common property, the application must be accompanied by an Amended Schedule of Interest on Destruction whiinterest on destruction applies under section 263 of the Act to amend a strata plan to add a strata lot to the common property, the application must be accompanied by an Amended Schedule of Interest on Destruction whiInterest on Destruction which shows

(4) If amalgamating strata corporations to which subsection (1) applies do not submit an Amended Schedule of Interest on Destruction with the application under section 269 of the Act,

Generally, a brokerage that provides strata management services to a strata corporation, while at the same time providing rental property management services or trading services to an owner of a strata lot in a strata corporation, is in a conflict of interest situation.

The interests of the strata lot owner with respect to the rental of the unit may be different than those of the strata corporation, and the strata management company providing the strata management and rental property management services may not be able to act in the best interest of both clients in providing both of these services.

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.

For example, a brokerage that provides strata management services to a strata corporation, while at the same time providing rental property management services or trading services to an owner of a strata lot in the strata corporation, may be in a conflict of interest.

The brokerage may be unable to provide full representation to the section and the strata corporation in situations where the interests of the two are in conflict.

In order to demonstrate competence, a licensee must be knowledgeable about local environmental conditions that may be material to the interests of their clients, be they buyers, sellers, landlords, tenants or strata corporations.