Sentences with phrase «of these strata lots»

14.1 For the purposes of sections 241 and 242 of the Act, «previously occupied» means occupied at any time in its past for any purpose, including residential, commercial, institutional, recreational or industrial use, but does not include the occupation of a proposed strata lot by the owner developer solely as a display lot for the sale of strata lots in the proposed strata plan.

5.2 For the purposes of section 88 (2) of the Act, a purchaser of a strata lot from an owner developer must retain a holdback of 7 % of the gross purchase price.

(b) in respect of the application of section 13 of the Act, the interim budget referred to in section 13 (1)(a) of the Act must be for the 12 month period following the deposit of the new phase rather than for the 12 month period following the first conveyance of a strata lot to a purchaser,

* Section 143 (2) of the Strata Property Act provides that, if this Rental Disclosure Statement is filed after December 31, 2009, a bylaw that prohibits or limits rentals will not apply to a strata lot described in this table until the date set out in the table opposite the description of the strata lot, whether or not the strata lot is conveyed before that date.

(a) in respect of the application of sections 7 to 14 and 16 of the Act, the reference to the first conveyance of a strata lot must be interpreted as a reference to the first conveyance of any strata lot in the strata plan,

The restrictions imposed on the lease, assignment or occupancy of the strata lots under sections 206 of the Strata Property Act are as follows:

(e) for the purposes of paragraph (d), different parts of a building which together constitute a single strata lot must bear the same strata lot number or letter preceded by «Part» or «Pt», and the area of each part of a strata lot shown must be shown on that part and the aggregate area must be shown on the larger part of the strata lot;

I / We,... [name (s)-RSB-, the owner (s) / tenant (s) / mortgagee of the strata lot described above, appoint... [name of appointee] to act as my / our proxy at the annual or special general meeting to be held on... [month day, year].

There is a bylaw of the strata corporation that restricts the rental of strata lots, the text of which is attached to and forms part of this statement.

13.5 (1) At the annual general meeting held under section 230 of the Act, 2 additional members of the council must be elected from the owners of strata lots in the new phase to hold office until the next annual general meeting of the strata corporation.

(c) the strata plan must show the dimensions of the boundaries of the strata lots and limited common property and, if it is a bare land strata plan, must show the bearings of the boundaries of the strata lots and limited common property;

(2) The registrar must include on any indefeasible title for a strata lot, in the legal description, the words «together with an interest in the common property in proportion to the unit entitlement of the strata lot as shown on Form V».

(2) For the purposes of section 195 of the Act, but subject to a resolution under section 100 of the Act, if a contribution to the operating fund relates to and benefits only one type of strata lot in a section, and that type is identified as a type of strata lot in the bylaws of the section, the contribution is shared only by owners of strata lots of that type, and each strata lot's share of that contribution is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 195 of the Act:

(b) include a description and estimated service life over 30 years of those items that comprise the common property, the common assets and those parts of a strata lot or limited common property, or both, that the strata corporation is responsible to maintain or repair under the Act, the strata corporation's bylaws or an agreement with an owner, including, but not limited to, the following items:

1 The owner of the strata lot described below has failed to pay the strata corporation one or more of the amounts owing under section 116 of the Strata Property Act.

11.3 (1) For the purposes of section 195 of the Act, but subject to a resolution under section 100 or 108 (2)(b) of the Act, if a section has, by a bylaw passed under section 72 (3) of the Act, taken responsibility for the repair and maintenance of specified portions of some but not all of the strata lots in the section, a contribution to the operating fund or a special levy in respect of the repair or maintenance of those portions is shared only by the owners of the strata lots to which the contribution or special levy relates, and each strata lot's share of the contribution or special levy is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 195 of the Act:

(6) Subsection (5) does not apply to a bylaw that was filed in the land title office before July 1, 2000 to the extent that the bylaw provides for the apportionment of contributions to a contingency reserve fund as a common expense according to type of strata lot, if that type of strata lot is a type identified in the bylaws of the corporation or a section.

6.4 (1) For the purposes of section 99 of the Act, but subject to a resolution under section 100 of the Act, if a contribution to the operating fund relates to and benefits only limited common property, the contribution is shared only by owners of the strata lots entitled to use the limited common property, and each strata lot's share of that contribution is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 99 (2) of the Act:

(c) in respect of the application of section 13 of the Act, the interim budget referred to in section 13 (1)(a) of the Act must be for the 12 month period following the deposit of the new phase rather than for the 12 month period following the first conveyance of a strata lot to a purchaser,

The purchase price of each strata lot under section 214 of the Strata Property Act is to be calculated as follows:

(2) If the new phase consists of only one strata lot or of strata lots owned by only one or 2 owners, that owner or those owners are deemed to be elected under subsection (1), if that owner or those owners consent.

6.5 (1) For the purposes of section 99 of the Act, but subject to a resolution under section 100 or 108 (2)(b) of the Act, if a strata corporation has, by a bylaw passed under section 72 (3) of the Act, taken responsibility for the repair and maintenance of specified portions of some but not all of the strata lots, a contribution to the operating fund or a special levy in respect of the repair or maintenance of those portions is shared only by the owners of the strata lots to which the contribution or special levy relates, and each strata lot's share of the contribution or special levy is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 99 (2) of the Act:

(i) the actual habitable area or square footage of the strata lot is at least 10 % greater than, or at least 10 % less than, the habitable area or square footage used to determine the unit entitlement of the strata lot;

The Owners, Strata Plan... [the registration number of the strata plan] certify under section 115 of the Strata Property Act that the owner of the strata lot described as

It will also handle strata corporation and tenancy issues relating to non-payment of monthly strata fees or fines; unfair actions by the strata corporation or by people owning more than half of the strata lots in a complex; uneven, arbitrary or non-enforcement of strata bylaws; issues of financial responsibility for repairs and the choice of bids for services; irregularities in the conduct of meetings, voting, minutes or other matters; interpretation of the legislation, regulations or bylaws; and issues regarding the common property.

And once a complex strata is up and running, the owners of strata lots being used for different purposes often have different ideas about how to spend the strata's money and how to operate the strata.

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.

(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

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.

strata lot owner means a person who is the owner, as defined in the Strata Property Act, of a strata lot;

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.

Although the foregoing sets out the key distinctions between allocating costs by type of strata lot and the creation of sections, before a strata corporation creates or eliminate sections, the strata corporation and the strata lots that are or could form sections should obtain legal advice that takes into account the specific expenses of that strata corporation in order that both the short and long term consequence of creating or eliminating sections can be reviewed.

Part of a Strata Lot.

In some instances, the parking stall and / or the storage locker has been designated as part of a strata lot.

In this situation, only those owners, residents, tenants or visitors of the strata lots as shown on the strata plan may park in this area.

For example, a brokerage that provides strata management services to a strata corporation might be asked by the owner of a strata lot within that strata corporation to list the strata lot for sale.

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.

According to Section 6.2 of the Strata Property Regulation, a «qualified person» means «any person who has the knowledge and expertise to understand the individual components, scope and complexity of the strata corporation's common property, common assets and those parts of a strata lot or limited common property, or both, that the strata corporation is responsible to maintain or repair.»

Yet, as an agent for the seller of the strata lot, that same brokerage would have a duty to disclose all known facts that may affect or influence the seller's decision.

The owners of these strata lots may choose to provide a lease or licence to another party.

These types of strata document review services, which may have significant value for sellers and buyers of strata lots, require specialized expertise.

Not exact matches

I give lots of kudos to the late President John Evans Atta Mills and the late Professor Kofi Nyidevu Awoonor, for being the master brains behind the formation of the Party School to constantly and continuously educate members of the various strata of the Party.

In this class and price strata, the simple, no - fuss pricing structure holds a lot of appeal as well.

In this class and price strata, the simple, no - hassle Scion purchase process holds a lot of appeal as well.

I am saying that there are not strata within the market in North America because there is not a lot of consumption of budget - Android devices here.

Stuart's work has only started to gain more traction, especially with Dia: Beacon placing her Sayreville Strata Quartet scroll works from 1976 on long - term view just last year, and Jacques added that her presentation of some of the artist's works on paper — which dialogue with photographs by Ana Mendieta, who already has a strong institutional presence — had garnered a lot of interest.

This is different from insurance and genetics where there are lots of data available for testing the probabilities of well - described events such as higher accident rates in a stratum, or higher disease rates with particular alleles.

Description: Class actions by individual strata lot owners were permitted under the Class Proceedings Act, despite representative action provisions of the Strata Propertstrata lot owners were permitted under the Class Proceedings Act, despite representative action provisions of the Strata PropertStrata Property Act.

The Respondent purchased a unit in the Roosevelt Apartments, and subsequently the strata council of the building confirmed deficiencies to the common property exterior cladding, which required repairs estimated at $ 35,109 per strata lot.

The Appellants were joint venture participants and principals of a developer corporation that marketed strata lots in the Roosevelt Apartments, a converted rental building in Prince Rupert.