FICOM - Responsibilities | Strata Property

Responsibilities | Strata Property
Overview

Strata Property Act Information

The Strata Property Act provides a framework for the creation and operation of strata developments in British Columbia, and sets out the guidelines under which strata corporations must operate. The legislation provides for strata corporations to operate and make decisions based on democratic principles.

The Strata Property Act does not contain any provisions which permit government intervention in the affairs of a strata corporation. As a result, the Superintendent of Real Estate cannot investigate breaches of the Act or take action to enforce the Act against strata owners or strata corporations.

To assist strata owners, residents and developers, the Superintendent of Real Estate has prepared 28 guides (numbered 2 through 29) to provide basic information about certain parts of the Strata Property Act and its Regulations. The guides were updated in June, 2010, by the Ministry of Housing and Social Development. The guides may be periodically reviewed and updated but do not cover all aspects of the Act and Regulations.

For questions about the Strata Property Act that are not answered by the guides, you may wish to contact a lawyer or one of the Strata Owners' Associations listed on our Contacts page.

As of January 1, 2006, all persons who perform strata management services must be licensed under the Real Estate Services Act. The Real Estate Council of British Columbia is responsible for the licensing and regulation of strata managers, and accordingly all enquiries concerning strata management licensing should be directed to the Council.

WHAT WE DO:

Accept Disclosure Statements for filing for strata titled developments consisting of 5 or more strata lots.
Provide copies of filed Disclosure Statements - fee $38 plus 50 cents per copied page.
Receive complaints concerning inaccurate or incomplete Disclosure Statements or marketing without a Disclosure Statement.
Receive a Rental Disclosure Statement for filing - fee $150. (80kb pdf)
Search for and provide a copy of a Rental Disclosure Statement - fee $38. (80kb pdf)
Approve some schedules of unit entitlement, voting rights and interest upon destruction - fee $200 per schedule. (80kb pdf)

WE DO NOT:
Give you an opinion on how to apply the Strata Property Act to your circumstances. Give advice relating to the Strata Property Act. Tell you whether the actions of owners, tenants, strata councils or strata managers are a violation of the Strata Property Act. Interpret strata corporation bylaws or agreements. Mediate or intervene in disputes between owners and strata councils, strata corporations or strata managers. License or regulate strata managers – this function is performed by the Real Estate Council of British Columbia

Fee

Release Date (mm/dd/yyyy)		Subject
05/30/2003		Fees

Forms

Release Date (mm/dd/yyyy)		Subject
01/01/2010		Form J - Amended Rental Disclosure Statement
12/15/2009		BC Reg. 312/2009 Amendments to Form J (Rental Disclosure Statement) in force as of January 1, 2010
07/01/2000		Form V - Schedule of Unit Entitlement
07/01/2000		Form W - Schedule of Voting RIghts

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