What You Need to Know About Changes to Strata Lots & Common Property

27/10/2022 1h 1min Temporada 1 Episodio 10
What You Need to Know About Changes to Strata Lots & Common Property

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Episode Synopsis

In this episode, Brent and James discuss changes to common property with Ben Schiedegger, a strata lawyer from Hamilton & Co. What requires permission and what doesn’t from a council perspective as well as a strata lot owners’ perspective. _________________________________ Over 1.5 million people live in strata housing in the Province of British Columbia. Let's face it, you'd rather watch reruns of the nightly news than read the Strata Property Act (And we can't blame you) Still, most people are at a loss when it comes to understanding such an important framework for how many of us live our lives in proximity with one another. 🎙 Stratagize with Brent Anderson & James Milne features conversations with industry leaders and experts who share their knowledge to demystify an industry that impacts the lives of more than 1 out of 3 British Columbians. Whether you are a council member, owner, investor, or renter, if you're looking for content that will bring value to your strata and help you get to the next level… THIS is it! Listen to our latest episode, subscribe and rate us on iTunes. 👊 _________________________________ 🚨 STRATA TIP: Managing expectations & avoiding complaints. Unmet expectations are a big source of complaints in a strata. Use your AGM and your council meeting minutes to communicate council’s philosophy behind certain decisions to minimize complaints by residents. _________________________________ MAIN TAKEAWAYS: 🛠 Strata lot owners should always get approval for changes in writing, keep a copy, and ensure the approval is recorded in meeting minutes. 🛠 Strata council cannot reasonably withhold approval for a change to a strata lot 🛠 A significant change requires a ¾ vote of ownership, but it is councils duty to decide if it is a significant change. 🛠 6 factors determine a significant change: - Visibility or non-visibility - Affect use of enjoyment - Direct interference as a result - Impact on marketability - Number of units affected - Precedent set by previous council decisions   MYTH VS FACT 🦄 “Is the patio, yard, or balcony ALWAYS limited common property.” (Myth) With some older stratas the outdoor space is part of the strata lot. Check your strata plan. _________________________________ Connect with Stratagize Website Linkedin Email Connect with Brent Anderson Linkedin Connect with James Milne Linkedin _________________________________ RESOURCES 8 steps to going out to bid Decision making tool    Maintenance planner checklist