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ARTICLE · 28 JUNE 2017

It's About Time: Navigating Rental Exemption Periods Under A Rental Disclosure Statement

Alexander Holburn Beaudin + Lang LLP
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Tick Tock Estates is a 140-unit residential strata corporation in Vancouver, British Columbia. Five years ago, the owners of Tick Tock Estates overwhelmingly passed a 3⁄4 vote resolution approving....

CanadaReal Estate and Construction

Tick Tock Estates is a 140-unit residential strata corporation in Vancouver, British Columbia. Five years ago, the owners of Tick Tock Estates overwhelmingly passed a 3⁄4 vote resolution approving a rental prohibition bylaw. The climate at Tick Tock Estates' Annual General Meeting was clear: no rentals allowed. Recently, however, a tiny tempest has begun brewing for the Strata Council. One of the owners has challenged the enforceability of the rental prohibition, arguing that the owner developer already guaranteed their ability to rent their strata lot, regardless of any bylaw being passed in the future. It's about time that this Strata Council looked into the matter, but where to begin and what to look for?

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