Strata Tip of the Week – You’ve probably heard of the recent changes to the Strata Property Act. Here’s what’s new
Did you read our email last week on rental restriction bylaws? Ok forget everything we said. The proposed legislative changes came into force sooner than we expected.
The BC Government gave royal assent to Bill 44 – 2022 Building and Strata Statutes Amendment Act on November 24, 2022, with the legislative changes coming into force immediately.
Side Note: Curious how a bill becomes law in BC? Check out this article from the Legislative Assembly of BC.
So, what are some of the changes?
1. Rentals – Rental restriction bylaws in strata corporations are no longer valid. Short term rental bylaws are still allowed, and a strata corporation or section can still create a bylaw banning or limiting short term rentals.
2. Age Restrictions – Strata corporations and sections are only allowed to have age restriction bylaws that require one or more persons residing in the strata lot to have reached an age that is not less than 55 years. All other age restriction bylaws are no longer valid.
3. Electronic General Meetings – All strata corporations are allowed to conduct annual and special general meetings by electronic means, or use a hybrid of in person and electronic participation. No strata bylaw is needed.
Disclaimer: The information provided is for general purposes only. It is not intended to provide legal advice or opinions of any kind. No one should act, or refrain from acting, based solely upon the materials provided, any hypertext links or other general information without first seeking appropriate legal or other professional advice.