So what is a strata development?

The word strata has the same meaning as anywhere else: layer. A strata plan is imposed on a larger freehold plan, and represents a layered subdivision of title. The plan consists of strata lots, common property and common assets. The part of the property that is individually owned is a ‘strata lot'. We also call these ‘condominiums'. Every strata owner owns a proportionate interest in the common property and common assets of the strata corporation. The owner cannot separate his or her interest in the strata lot from the proportionate interest in the common property and common assets, with a few exceptions. In practicality this means that the strata lot owner cannot sell only the proportionate interest in the common property and common assets while retaining the interest in the strata lot.

Rules of Association

I am narrowing my focus now to British Columbia .

The Strata Property Act superseded the Condominium act in 2000. The Act contains a default set of strata corporation rules. The rules essentially describe how a property will be used, who will govern it, and what they can do when the rules are violated.

Here are the default rules: Click here to download

These rules create some of the most intransigent and community destroying problems encountered in any form of modern property ownership. Anyone who lives in a strata either knows about or is involved in a horror story.

As I see it, the main problem is that a strata organization is created to deal with very simple issues, but deals with these issues indirectly through elected representatives. The organization thus imports all of the difficulties of party politics, with people of widely different motivations and capabilities attempting to promote divergent management and lifestyle ideas, pursuits that are completely outside of the scope of the mundane issues that is the legitimate business of these organizations.

NEXT PAGE: Examples of strata problems

 

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