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

RCMP’s auto theft team nabs Chilliwack suspect

Kao Daniel Macaulay, well-known to police, arrested in stolen red Honda on March 20

UPDATE: Man with gunshot wound drives into ditch on Chilliwack River Road

Serious crimes investigators believe early morning shooting to be targeted

WATCH: Rally at MP’s office Friday in Chilliwack to stop KM pipeline

Water samples from Chilliwack rivers were delivered to MP Strahl’s office in a symbolic gesture

Garrison store going to new heights for children’s charity

Save-On Foods employees raising cash for BC Children’s Hospital, by throwing managers from airplane

Tourism Chilliwack brings home industry award of excellence

Sto:lo Welcome Figures carving project outside the Visitor Centre loomed large in the win

Vancouver Aquarium’s resident octopus released into ocean

Staff let the Giant Pacific octopus go into the waters near Bowen Island so she can reproduce

Canucks sing the Blues as they fall to St. Louis 4-1

Berglund nets two, including the game-winner, to lift St. Louis over Vancouver

Calving season brings hope for Cariboo ranchers

Still a lot of work ahead to recover from the wildfires

Canada’s Kaetlyn Osmond wins figure skating world title

The 22-year-old fwon the women’s singles crown with her Black Swan routine

B.C. pooches celebrate National Puppy Day

Check out some of the submissions from around B.C. for National Puppy Day 2018

Alberta tells B.C. to stop opposing pipelines if it doesn’t like gas prices

John Horgan said he would like to see the federal government step in to deal with high gas prices.

B.C. mother hit in truck rampage dies

Family confirms mother of four Kelly Sandoval dies almost two months after being hit.

B.C. officials failed to tell Kiwis Fraser Health CEO had been fired in 2014

New Zealand spending scandal exposes Dr. Nigel Murray 2014 exit from B.C. job

PHOTOS: Students exhibit stunning paper couture dresses

22 paper made gowns will be on display at Vancouver’s Oakridge Centre until March 27

Most Read