Sentences with phrase «requirements of the strata»

For the purposes of section 165 (4)(f) of the Land Title Act, execution of the attached instrument has been approved by a resolution at an annual or special general meeting in accordance with the requirements of the Strata Property Act or the Strata Property Regulation, and the instrument conforms to the resolution.

Learning the preparation of budgets, reviewing of financial statements, and assisting in overseeing the cash requirements of the strata corporations.

For strata managers, this means care is needed to ensure that all investments comply with the requirements of the Strata Property Regulation.

While there are many GIC's and other investment vehicles available on the market, not all meet the requirements of the Strata Property Act.

The Council reminds licensees to be cautious of posting copies of meeting minutes, Form B Information Certificates, budgets, etc., on the internet without ensuring that the requirements of the Strata Property Act are followed.

It has once again come to the Council's attention that some trading services licensees and some strata management brokerages are posting copies of strata records, such as minutes of meetings, Form B Information Certificates, budgets etc., on the internet without ensuring that the requirements of the Strata Property Act are followed.

Under his leadership, the council implemented requirements demanded by the new Real Estate Services Act that took effect in B.C. on January 1, 2005, including the licensing requirement of strata managers, which took effect on January 1, 2006.

Not exact matches

It is true that we have not yet succeeded in shaping life to our requirements in the laboratory; but who has shaped or witnessed the shaping of a geological stratum?

Quite a number of holiday resorts in Port Douglas and Tropical North Queensland offer full service strata titled apartments to their guests which means the guests have the choice of either catering for their own meal requirements by cooking in the apartment and managing their own laundry services giving them the option of a cheap holiday in a great value quality resort environment.

The underlying rationale for the legislative amendments that brought about the Depreciation Report requirement, was to improve the transparency for buyers of strata property.

(3) If the first annual general meeting of the strata corporation established by the deposit of the first phase of a phased strata plan has not yet been held at the time that a new phase is deposited, the requirements of Part 3 of the Act apply to the new phase as if it were the first phase of a phased strata plan, but

6.9 (1) For the purposes of section 110 of the Act, a strata corporation may impose user fees for the use of common property or common assets only if all of the following requirements are met:

the strata plan has fewer than 5 strata lots, the written consent required by section 274 (c)(i) of the Strata Property Act has been given and the strata corporation meets the requirements of section 274 (c)(istrata plan has fewer than 5 strata lots, the written consent required by section 274 (c)(i) of the Strata Property Act has been given and the strata corporation meets the requirements of section 274 (c)(istrata lots, the written consent required by section 274 (c)(i) of the Strata Property Act has been given and the strata corporation meets the requirements of section 274 (c)(iStrata Property Act has been given and the strata corporation meets the requirements of section 274 (c)(istrata corporation meets the requirements of section 274 (c)(ii)(B).

17.4 A strata corporation created under the Condominium Act need not comply with the requirements of sections 62, 110 and 150 of the Act until January 1, 2002.

(o) a north point must be shown on each sheet of the strata plan, unless this requirement is dispensed with by the registrar;

5.1 (1) An owner who wishes to decrease the habitable part of the area of a residential strata lot without amending the Schedule of Unit Entitlement need not comply with the requirements set out in section 70 (4) of the Act.

(2) The requirements of Part 3 of the Act do not apply to a phase other than the first phase of a phased strata plan except as set out in this section.

(ii) a developer, as defined in the Real Estate Act, is exempt under that Act, other than as referred to in paragraph (c) of this section, from the requirement to submit for filing a prospectus and the requirement to submit for filing a disclosure statement with respect to the strata plan establishing that strata corporation,

(a) the requirements in subsection (1) that the strata plan consist of a series of consecutively numbered sheets and that particular matters be set out on the first sheet;

(a) the requirements for the schedule of unit entitlement, schedule of voting rights, schedule of interest on destruction and address for service set out in sections 1 (2) to (6) and 4 (f) to (i) of the Condominium Act and the forms required for those sections apply to all phases of the phased strata plan, and

As noted above under the heading «Application of RESA», licensees are permitted by section 9 - 3 of the Rules to provide strata management services to not more than two strata corporations in which they own a strata lot without the need to comply with the requirements of RESA, the Regulations, and the Rules under limited circumstances.

Licensees providing rental / strata management services must also conform to the requirements of PIPA.

Grosspar Holdings can not provide strata management services without licensing and meeting the other requirements of RESA.

An individual who is employed as a caretaker or manager by the strata corporation, or by a brokerage that provides strata management services is exempt from the requirements to be licensed in respect of collecting strata fees, special levies or other amounts levied by the strata corporation, as long as the exempt caretaker or manager promptly delivers the money to the strata corporation or brokerage.

With regard to strata management services, the only exemption from the licensing and other requirements of RESA made available to a licensee in the Rules is found in Section 9 - 3 (Exemption # 1 (b) above).

An individual employed as a caretaker or manager by more than one 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&rstrata 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&rstrata fees, contributions, levies or other amounts levied by, or due to, the strata corporation under the Strata Property Act&rstrata corporation under the Strata Property Act&rStrata Property Act».

Since what strata council members do falls within the definition of real estate services (strata management services) any licensee who is a member of a strata council must meet the requirements of the licensee exemption above (Exemption # 1 (b) above).

For Real Estate Trading Services, Rental Property Management and Strata Management Licensing students, the ELPR may only be satisfied by achieving a level 7 or higher on each of the four components (reading, writing, speaking and listening) of the Canadian English Language Proficiency Index Program - General (CELPIP - G) test on the same test score report (scores from multiple test attempts can not be combined) or by being exempted from the requirement in one of the following ways:

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.

An individual is exempt from the requirement to be licensed in respect of real estate services, including strata management, if all the following apply:

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 Propertstrata 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 PropertStrata 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 Propertstrata 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 Propertstrata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Propertstrata corporation's money is required to be transferred under section 22 of the Strata PropertStrata Property Act.

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.

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 Propertstrata 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 Propertstrata 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 Propertstrata 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 Propertstrata fees, contributions, levies or other amounts levied by, or due to, the strata corporation under the Strata Propertstrata corporation under the Strata PropertStrata Property Act.

Completion of the Broker's Business Planning and Financial Management licensing course and examination will satisfy the education requirement for licensing as an associate broker / managing broker licensed to provide trading services, and / or rental property management services, and / or strata management services.

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 Propertstrata 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 PropertStrata 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 Propertstrata 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 Propertstrata corporation, but only until control of the strata corporation's money is required to be transferred under section 22 of the Strata Propertstrata corporation's money is required to be transferred under section 22 of the Strata PropertStrata Property Act.

As of January 1, 2006, strata management became an activity for which a real estate licence is required * and the conduct of licensed strata managers became subject to the requirements of the Real Estate Services Act, over which the Council has jurisdiction.

In addition to the licensing supplemental courses and exams (Trading Services, Rental Property Management or Strata Management) or the Broker's course and exam, the Real Estate Council of British Columbia has determined that to satisfy the Relicensing Education Program elective course requirements, Licensees may choose courses in the following UBC Real Estate Division programs.

Due to the new requirements of the Form B, it would be wise for a strata corporation to ensure that not only the ownership and parking stall lists are updated, but also that the storage locker lists are recorded correctly and updated whenever there is a change of ownership, or parking stall / storage locker allocation.

If a strata manager believes a strata corporation client may be straying from the requirements of any legislation, the strata manager should advise the strata council of what they believe to be the correct course of action, noting that their advice should not be considered legal advice (it is also recommended that this advice be given in writing).

In the spring of 2013 and again in 2014, the Council offered training seminars throughout the province to assist licensees in understanding the requirements of the Real Estate Services Act and the Council Rules when managing strata corporations with sections.

Strata managers and rental property managers, in particular, need to ensure that they and their clients are aware of this requirement.

There is no requirement for these leases or licence agreements to be registered at the Land Titles Office (the «LTO»); and neither is the owner developer obligated to provide the strata corporation copies of these subagreements, as they are agreements between two parties and not a record of the strata corporation.

Section 2.18 of the Real Estate Services Regulation provides the following exemption from the requirement to be licensed for strata caretakers employed by a strata corporation or brokerage:

The recognition of the requirements of SPA and the identification of the obligations of brokerages providing strata management services to strata corporations with sections has resulted in many strata corporations considering whether the establishment of sections is the appropriate approach in order to allocate various costs.

Some employees of either the strata corporation or the brokerage may be exempt from the requirement for licensing under the Regulation.

In the case of strata management licensees, this includes posting their clients» records on their brokerage's website without the requirement for a secure logging on procedure, where it can first be verified that the person logging on to obtain or review the documentation is authorized, in accordance with the Strata Property Act, to obtain astrata management licensees, this includes posting their clients» records on their brokerage's website without the requirement for a secure logging on procedure, where it can first be verified that the person logging on to obtain or review the documentation is authorized, in accordance with the Strata Property Act, to obtain aStrata Property Act, to obtain access.