Sentences with phrase «strata lot owner»

When a strata lot owner calls the emergency number at 3:00 a.m. to report that water is pouring through their bedroom ceiling, the restoration company dispatches their crew to deal with the emergency.

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.

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.

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

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:

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.

Each strata lot owner pays a monthly fee to the management company.

does not provide these services to more than 2 strata corporations in which they are a strata lot owner;

This provision can be used by a brokerage that wishes to provide strata management services to a strata corporation while at the same time providing rental property management or trading services to a strata lot owner.

The exemption in Section 2.17 of the Real Estate Services Regulation that enables a strata lot owner to provide strata management services is limited to individuals who are owners.

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:

(c) identify common property and limited common property that the strata lot owner, and not the strata corporation, is responsible to maintain and repair.

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

In addition, the following exemption applies to strata council members who are strata lot owners and who are not licensees.

The Strata Property Act allows strata lot owners and others authorized by owners to obtain copies of strata corporation records.

2.17 Exemption for strata lot owners 2.18 Exemption for strata caretakers employed by strata corporation or brokerage 2.19 Exemption for owner developers

Not exact matches

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.

(3) The registrar must not register an indefeasible title covering more than one strata lot and its owner's share in the common property.

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].

2 The residential strata lots described below are rented out by the owner developer as of the date of this statement and the owner developer intends to rent out each strata lot until the date set out opposite its description.

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.

3 In addition to the number of residential strata lots rented out by the owner developer as of the date of this statement, the owner developer reserves the right to rent out a further... [number] residential strata lots, as described below, until the date set out opposite each strata lot's description.

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.

(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 Propertstrata lot described below has failed to pay the strata corporation one or more of the amounts owing under section 116 of the Strata Propertstrata corporation one or more of the amounts owing under section 116 of the Strata PropertStrata 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:

6.4 (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:

(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.

The Owners, Strata Plan... [the registration number of the strata plan] certify that the information contained in this certificate with respect to Strata Lot... [strata lot number as shown on strata plan] is correct as of the date of this certifStrata Plan... [the registration number of the strata plan] certify that the information contained in this certificate with respect to Strata Lot... [strata lot number as shown on strata plan] is correct as of the date of this certifstrata plan] certify that the information contained in this certificate with respect to Strata Lot... [strata lot number as shown on strata plan] is correct as of the date of this certifStrata Lot... [strata lot number as shown on strata plan] is correct as of the date of this certificaLot... [strata lot number as shown on strata plan] is correct as of the date of this certifstrata lot number as shown on strata plan] is correct as of the date of this certificalot number as shown on strata plan] is correct as of the date of this certifstrata plan] is correct as of the date of this certificate.

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:

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

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 owner is limited to managing no more than two strata corporations, provided the owner owns a strata lot in each of the strata corporations.

This may be evident in a strata corporation parking lot, parkade or storage room, where an owner, resident, tenant or visitor may park anywhere or use a storage locker on a first come basis.

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.

Section 116 of the Strata Property Act gives a strata corporation the authority to register a lien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate ofStrata Property Act gives a strata corporation the authority to register a lien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate ofstrata corporation the authority to register a lien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate ofstrata lot under certain circumstances in a prescribed form — Form G - Certificate of Lien.

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

Currently, all strata - lot owners must consent to termination — a requirement that, the consultation paper notes, makes collective decision making very difficult, and can result in property disputes that can only be resolved through the courts.