Strata Wind Up Amendments Come Into Effect

On July 28, 2016 highly anticipated changes to the British Columbia Strata Property Act came into effect by regulation. The following news release from the government provides more information about these amendments.

Of key importance to strata corporations, developers and owners alike is the reduction in the voting threshold required to terminate a strata corporation. Prior to these amendments, the Strata Property Act required a unanimous vote of all strata lot owners to terminate a strata corporation. With the coming into effect of the regulations, this voting threshold has been lowered to 80% with a court order. For more information regarding this amendment please see our previous blog post that examined a proposed amendment to the Strata Property Act.