Flashcards
Assignment 10 Chapter 13
Flashcards do conjunto (15)
- 1In what circumstances will a strata corporation be limited in its obligation to provide records to an owner?Court proceedings against owner
- 2Define "limited common property".Common property designated for the exclusive use of the owners of one or more strata lots. Courts: "LCP" is a special category of property over which an owner has a substantial degree of control and something approaching a beneficial interest.
- 3What is the applicable standard of care that must be exercised by the members of a strata council? (1) Absolute liability (2) Reasonableness (3) Strict liability2. Reasonableness
- 4What is a "special general meeting"?A "special general meeting" is any general meeting other than a mandatory annual general meeting
- 5Who may request a Form B Information Certificate from the strata corporation?An owner, purchaser, or any person authorized by those parties is entitled to request a Form B Information Certificate
- 6What is the deadline for a developer to provide an updated Financial Statement to the Strata Corp?Within 8 weeks of First AGM
- 7What is the deadline for providing a tenant with copies of the Bylaws and Rules?1 week
- 8What is the deadline for providing access to records for owners, authorized tenants or agents?2 weeks
- 9When must an AGM be held?No later than 2 months after fiscal year end
- 10When must an owner/developer schedule the First AGMAfter 50% + 1 strata lots are conveyed
OR
9 months after the first conveyance - 11What constitutes quorum for an AGM or SGM?Eligible voters holding 1/3 of Strata Corp votes including proxys
- 12What is the deadline for providing a Form B Information Certificate?1 week
- 13If a Strata Plan includes Residential and Non-residential units, how are Bylaws amended?Separate successful 3/4 votes by each group.
- 14What do the regulations determine as eligible types for forming sections in residential stratas?1. apartments
2. townhouses
3. detached houses - 15What is the best way to describe how a Section functions?As a mini-Strata Corporation
Informações
- Descrição
- Overview of Strata Property Act and Regulation
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- talktothehan
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