BCLI Update on Complex Stratas

In an ongoing efforts to update strata property law, the BC Law Institute has recently released its second report on proposed and recommended updates to the Strata Property Act. As noted on the BCLI website, Phase 2 is designed to:

[build] on the results of Phase One’s consultation and research by examining the options for reform in selected areas of strata-property law. These areas are: (1) fundamental changes to a strata—with a priority focus on cancellation of a strata plan and dissolution of a strata corporation; (2) complex stratas; (3) leasehold stratas; (4) common property; (5) governance; (6) insurance; and (7) land-title issues. The goal of the project is to make recommendations for reform, illustrated by draft legislation, to help in the development of the next generation of strata-property law in British Columbia.
The 300 page report is available here.

The last report from BCLI regarding strata law reform resulted in new voting thresholds regarding the winding-up of strata corporations, among other changes. It is likely that the changes recommended will be implemented by the legislature, it is only a question of when. However, not all strata corporations will be affected by these changes as they only affect complex strata corporation structures.

For a shortened version of the recommendations, you can review the appendix of recommended legislation changes here.

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