More B.C. residents are ending up in residential strata units with the growth in multifamily condo buildings.

Top 10 tips for strata home buyers

B.C. notaries offer essential advice to avoid future strata trouble before signing on the dotted line

More than 1.5 million B.C. residents live in residential stratas – more than a third of the province’s population – but the rules imposed by strata councils can be a dangerous minefield for new buyers.

With that in mind, the Society of Notaries of B.C. has issued a top 10 list of essential tips for potential strata unit buyers to consider:

1. Carefully read through the strata’s bylaws and find out if any new bylaws are being proposed at an upcoming Annual General Meeting or Special General Meeting.

2. Parking can be contentious, so find out if the parking stalls are owned by the strata lot, or are limited common property with the right to exclusive use that can be assigned to the buyer by the seller, or are common property whose use can be re-assigned by the strata council upon sale.

3. Find out whether an engineering report has been obtained to determine any current or potential problems – if so, review the findings and ask what will be done to address problems.

4. Keep in mind B.C.’s leaky condo crisis, and discover whether there have been previous problems with water ingression in the building envelope, and whether it has been professionally remediated.

5. Ask whether major maintenance work is required in the future (eg. replacing the roof, balconies, re-plumbing, etc.).

6. Look into whether any legal action against the building or strata is in progress.

7. Find out how much money is in the contingency reserve.

8. Smoking can be an issue, so look into what you could do about an adjacent owner smoking on his or her patio or balcony.

9. Seek the advice of experienced real estate and legal professionals before you invest in a strata home.

10. Make an offer to purchase a property conditional upon your notary or lawyer’s approval.

Delta-based notary and society president John Eastwood said strata councils are “local mini-governments” that administer the Strata Property Act and the strata’s own set of rules.

The lower maintenance, shared amenities and relative affordability of condos, townhomes and other strata properties as compared to single-family homes offer benefits for many B.C. home buyers.

“But, like any major purchase, it’s important buyers ensure they really understand the rules and regulations specific to each strata property,” added David Watts, a notary in downtown Vancouver.

The bylaws can include restrictions on age, pets, rentals, and other factors intended to benefit all owners, but they also impose limitations on the owners’ use of their property, Eastwood says.

“In some cases, the bylaws are updated every few years, which may introduce further, unexpected restrictions.”

Just Posted

Four cheer teams heading to Florida

Mission’s Academy of Cheer Excellence will compete in the Summit World Championships in Orlando

Job market to remain tight in coming years: report

Conference Board of Canada predicts region’s unemployment rate to remain below five per cent

Trio of Mission lacrosse talents sign with U.S. schools

Abbott, Adams and Bramley continuing lacrosse journey in NCAA

Sister of teen gunned down in 2014 aims to keep kids out of gangs

Jessica Sherman volunteers for KidsPlay Foundation in Abbotsford

Mission students, teachers help to create art work

Heritage Park Middle School unveiled A River of Belonging

VIDEO: Killer whales hunt for seals in Vancouver harbour

Bigg’s killer whales feed on marine mammals like seals, sea lions, dolphins and even other whales

VIDEO: B.C.’s waving granny gets incredible send-off from school kids

Tinney Davidson has been waving at students on their way to school for over 11 years, but is moving in a month

Struggling B.C. adoption agency elects new board that intends to keep it open

The previous board announced that Choices would close May 31

Woman, 60, charged in connection to thefts at YVR

RCMP believe the foreign national is part of a larger organized theft group

Vancouver man, 19, charged in human trafficking case involving teen girl

The 16-year-old girl was reported missing and later discovered in Vancouver

Worst 10 bus routes in Metro Vancouver for rider complaints

TransLink releases list, with Route 319 at the top

Mayors, First Nations chiefs, urge ‘immediate action’ on new Massey crossing

Joint letter asks province to move up timeline, consider only eight-lane tunnel options

Bus driver assault in Vancouver once again raises safety concerns

A 49-year-old Surrey man was released on a promise to appear in court. No charge has been laid

Most Read