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Special Levy Vote



I just attended another seminar on BC Strata Law and some changes that could be coming in the next 3 to 5 years. Now that depreciation reports are law the government intends to make it a lot easier for Strata Corporations to pass special levy's to replace major components of a building -- things like balconies, siding, windows, roofs etc. The current law requires a 75% vote to get a resolution like a special levy approved. Look for this requirement to be lowered to only a majority vote in the future. The goal is to make it much easier for Strata Corps to approve the financing for building maintenance and be much more pro-active on repairs and upgrades.


This entry was posted on June 30th, 2014 by Owen Bigland | Posted in Video Blog

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Special Levy Vote

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Owen Bigland
Macdonald Realty Westmar
203-5188 Westminster Hwy
Richmond V7C 5S7
: 604 889-1118
: owen@owenbigland.com

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