What is strata?
faqs about strataDo you have a question on strata that needs an answer? Listed below are some of the most commonly asked questions concerning strata management".
What is the Strata Association?
Owning a Fernie Vacation Property in Fernie Alpine Ski Resor...Each owner is a member of the Strata Association or Timberline Lodges Owners Corporation. The Strata association is responsible for everything that the Strata fee covers (i.e. the upkeep and maintenance of every home's exterior and the common areas). It will be the responsibility of The Owners Corporation Manager to ensure all of the Strata Association duties are performed and, in return, each owner will pay a monthly association fee. See similar questions...
Who manages a strata development and the strata corporation?
FICOM - Responsibilities | Strata Property | FAQ'sUnder the Strata Property Act, the strata lot owners elect a strata council that manages the development and the strata corporation. A strata council may hire a manager to help it perform those tasks. See: Guide 3 (The Role and Responsibilities of the Strata Corporation); Guide 4 (The Role and Responsibilities of the Strata Council); and Guide 24 (What to Know About Contracting with a Strata Manager) . A. See similar questions...
What are Strata Fees and how are they determined?
Owning a Fernie Vacation Property in Fernie Alpine Ski Resor...Strata Fees, better known as condominium maintenance fees, are calculated per square foot and paid on a monthly basis by your owner's corporation manager (out of each quarter shares corporation fee). They include your suite's portion of the costs for common water, sewer, snow removal, garbage removal, landscaping, building and property maintenance, building and on-site insurance and on-site management. See similar questions...
Who determines the budget for a strata development?
FICOM - Responsibilities | Strata Property | FAQ'sThe strata council prepares the annual budget, which must be approved by a majority vote of the strata lot owners. See: Guide 10 (What to Know About Budgeting and the Collection of Strata Fees). See similar questions...
Can I rent out my strata lot?
FICOM - Responsibilities | Strata Property | FAQ'sAn owner’s ability to rent out his or her strata lot may be limited, or prohibited altogether, in amendments to the strata bylaws. See: Guide 13 (How to Create or Amend Bylaws and Rules); and Guide 15 (How to Apply Rental Restriction Bylaws and Rules). A.Upon payment of the $38 fee, our Records Department can confirm whether a Rental Disclosure Statement was filed for a particular development and provide a copy of any such filing. See similar questions...
Can strata lot owners keep pets?
FICOM - Responsibilities | Strata Property | FAQ'sAn owner’s ability to keep a pet in his or her strata lot, or allow that pet on the common property, is limited in the schedule of standard strata bylaws. Additionally, pets may be further limited, or prohibited altogether, in amendments to the standard strata bylaws. See: Guide 13 (How to Create or Amend Bylaws and Rules); and Guide 17 (What to Know About Pet Bylaws). See similar questions...
How does the Strata Company operate and what strata levies do I pay?
jurien bayThe Strata Company is controlled by each of the Apartment or Villa owners and ensures that the property is maintained by the Manager on its behalf. An AGM will be held each year, at which the owner has the opportunity to discuss issues relating to the resort. Strata levies are payable quarterly. The levies cover pools, garden and external maintenance, water consumption, pest control, strata management fees, and all insurances.. See similar questions...
Q.How can a strata lot owner make a complaint about a strata manager?
FICOM - Responsibilities | Strata Property | FAQ'sA.A complaint about a strata manager should be made to the strata council. Additionally, beginning on January 1, 2006 , a complaint about a strata manager should be directed to the Real Estate Council of British Columbia. See its website at www.recbc.ca or phone 604 683-9664. See similar questions...
What obligations do developers have to strata owners when creating a strata development?
FICOM - Responsibilities | Strata Property | FAQ'sA developer who intends to rent out residential strata lots must file a Rental Disclosure Statement with our office before the first strata lot is offered for sale or sold. See the Strata Property Act, section 139. See similar questions...
What is the difference between a strata titled property and a non-strata property?
Frequently asked questions about real estate in B.C. - from ...There are many types of properties that can be strata titled, including townhomes, artist live/work studios, offices, warehouses, retail commercial units (stores), and industrial type properties. Detached single family dwellings can also be part of a strata subdivision. See similar questions...
Which has the best value: strata, leasehold or co-op?
Rob Joyce - Vancouver's West End Specialist - Sutton West Co...Rob Joyce: “Strata is yours forever. Leasehold is yours until 2073 at which time ownership reverts back to the corporation holding title to the property. In a co-op condo, you own shares in the complex with the exclusive right to occupy your suite forever. You have to decide which situation is best suited to your needs.” See similar questions...
What common areas are not managed by the Strata Manager?
About Fernie Ski Area | Fernie BC Ski Resort | Fractional Re...Timberline Lodges are located on-mountain at Fernie Alpine Resort, and consists of five existing Lodges plus the NEW Juniper Lodge. Each Lodge within Timberline Lodges is individually named after a native B.C. tree. In 1989, Timberline Lodges began with the construction of our first lodge - Pine Lodge. This lodge offers a games room and outdoor whirlpool and BBQ area. See similar questions...
Q.Who enforces the Strata Property Act?
FICOM - Responsibilities | Strata Property | FAQ'sThe Strata Property Act is enforced by strata lot owners themselves, with the assistance of an arbitrator or court if necessary. See: Guide 25 (What to Know About Resolving Complaints); Guide 26 (Arbitration); and Guide 27 (Court Actions). Our office does not provide legal advice and does not play a role in enforcing the provisions of the Act. See similar questions...
Q2: What is CF, CCC, LAD, Strata Titles, etc?
HelpPETALING JAYA, April 13 (Bernama) -- New projects from now on will be subjected to the Certificate of Compliance and Completion (CCC) system which replaces the Certificate of Fitness for Occupancy (CFO), Housing and Local Government Minister Datuk Seri Ong Ka Ting said today. See similar questions...
I live in a noisy unit. Do I need strata approval?
Sound Barrier SystemsIn most cases no. As the Sound Barrier System is not visable from outside strata approval is not required. See similar questions...
I am a tenant in a strata building. Do I have a right to attend meeting?
faqs about strataYou do not have the right to attend any general meeting of the owners corporation unless an owner has appointed you as their proxy. Prior to the next general meeting, you should send a motion to the secretary or strata managing agent with a request that it be included on the agenda. See similar questions...
How do I indicate different FPC values for different strata?
How do I import data and conduct analyses of survey data in ...To indicate different FPC values that should be used for different strata, use the "Attach Factors" feature by clicking on Data -> Attach Factors. You can type in the FPC values for each strata (the case numbers are listed on the left-hand side of the window), and you can use the "Fill Down" button to have the current FPC value placed in all of the boxes below. See similar questions...
What rules govern the use of the strata lots and common property?
FICOM - Responsibilities | Strata Property | FAQ'sThe strata bylaws govern the use of the strata lots and common property. Additionally, strata rules may be created to govern the use of common property. See: Guide 13 (How to Create or Amend Bylaws and Rules) and Guide 14 (How to Enforce Bylaws and Rules). See similar questions...
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