Tag Archive for: common property
Fundamentals of the Strata Corporation: An Introduction
Strata Law: LegislationA strata property is a form of organizing property which aims to accommodate individual ownership of private property within a collective, multi-unit structure.
Short Term Exclusive Use Agreements: When and Why?
Strata Law: ContractsCommon property belongs to all the owners in a strata corporation in proportion to the owner’s unit entitlement. A general presumption in strata law is that owners are not allowed to use common property except as authorized by bylaw or agreement.
Changing Common Property: Understanding the Requirements
Strata Law: Alteration of PropertyAll strata lot owners own the common property. Neither an individual owner nor the strata council can make a significant change to the use or appearance of common property without approval by the owners at a general meeting.
Types of Property under the Strata Property Act
Strata Law: LegislationThe Strata Property Act deals with property under three categories: common property of the strata corporation and common assets of the strata corporation, and personal property of the strata lot owners.