Chapter 07 : Strata Properties (Condominiums) and Co-Operatives in British Columbia

Question 1

Common property designated for the exclusive use of the owners of one or more strata lots is called ________ common property.

Answer 1

Common property designated for the exclusive use of the owners of one or more strata lots is called limited common property.

Question 2

Generally speaking, how often must the owners of a strata development elect a new strata council?

Answer 2

Every year.

Question 3

If a rule passed by a strata council conflicts with one of the strata’s bylaws, which prevails?

(1) The bylaw
(2) The rule

Answer 3

If a rule passed by a strata council conflicts with one of the strata’s bylaws, which prevails?

Answer : The bylaw

Question 4

A subdivision of land, as opposed to a building, into separate parcels creates a _____ ______ strata development.

Answer 4

A subdivision of land, as opposed to a building, into separate parcels creates a bare land strata development.

Question 5

Unit entitlement is generally calculated based on the _______ _______ of each strata lot.

Answer 5

Unit entitlement is generally calculated based on the habitable area of each strata lot.

Question 6

________ ________ is any part of a strata plan that is not part of a strata lot.

Answer 6

Common property is any part of a strata plan that is not part of a strata lot.

Question 7

All individuals on a strata council will be held to the same statutory requirements, regardless of their relative expertise.

(1) True
(2) False

Answer 7

All individuals on a strata council will be held to the same statutory requirements, regardless of their relative expertise.

Answer : True

Question 8

A strata development must maintain a _______ ______ _____ for expenses that occur less often than once a year or that do not usually occur.

Answer 8

A strata development must maintain a contingency reserve fund for expenses that occur less often than once a year or that do not usually occur.

Question 9

A strata lot’s contribution to common expenses is determined by the schedule of _____ ______.

Answer 9

A strata lot’s contribution to common expenses is determined by the schedule of unit entitlement.

Question 10

What is a subdivision?

Answer 10

A subdivision is the division of land into two or more parcels.

Question 11

The Strata Property Act does not apply to strata developments with fewer than five strata lots.

(1) True
(2) False

Answer 11

(2) False. The Strata Property Act applies to all stratified lots in BC, irrespective of the number of strata lots in the strata plan.