FAQs:
Rentals
Q - Where do we obtain a copy of our Rental Disclosure Statement?A - A Rental Disclosure Statement is available by fax from the Office of the Superintendent of Real Estate. There is a fee for this service.
Q - Our strata corporation has a bylaw that prohibits rentals. One owner wants to rent to her sister. Since she is a family member, would that exempt the strata lot from the bylaw?
A - No. A family member is defined in the Strata Property Act as the parents of the owner or the children of the owner or the spouse of the owner or the parents of the spouse of the owner or the children of the spouse of the owner. A sister of the owner is not a family member as defined in the Strata Property Act.
Q - Our strata corporation has 5 owners who have foreign students living with them in their strata lot. The strata corporation has a bylaw limiting the number of rentals to 2. Are these students tenants?
A - Yes, the Strata Property Act defines a tenant as a person who rents all or part of a strata lot.
Q - May a strata corporation require an owner to reside in a strata lot for one year (or another period of time) before being allowed to rent the owner’s strata lot?
A - No. A strata corporation may, by bylaw, prohibit rentals, limit the number of strata lots that may be rented or limit the period of time that strata lots may be rented. A strata corporation may not require an owner to first reside in the owner’s strata lot in order to qualify to rent the strata lot.
This FAQ section is for informational purposes only, for the convenience of our visitors. While these questions and answers are about legal issues, they are not a substitute for consultation with a lawyer, and should not be relied on as a basis for any legal decision. As with anything of a legal nature, different circumstances can create different results.
