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In This Volume

139 (1) An owner developer who rents or intends to rent one or more residential strata lots must

  • (a) file with the superintendent before the first residential strata lot is offered for sale to a purchaser, or conveyed to a purchaser without being offered for sale, a Rental Disclosure Statement in the prescribed form, and
  • (b) give a copy of the statement to each prospective purchaser before the prospective purchaser enters into an agreement to purchase.
  • (2) The owner developer may change the statement by changing the number of strata lots to be rented or the rental period for the strata lots, or both, if the owner developer
  • (a) owns all the strata lots in the strata plan, or
  • (b) obtains the prior approval of the change by a resolution passed by a 3/4 vote at an annual or special general meeting.
  • (3) For the purposes of the 3/4 vote referred to in subsection (2), the following persons are not eligible voters:
  • (a) a person voting in respect of a nonresidential strata lot;
  • (b) a person voting in respect of a residential strata lot which is currently rented;
  • (c) the owner developer.
  • (4) An owner developer who changes a statement under subsection (2) must immediately
  • (a) file the changed statement with the superintendent,
  • (b) give a copy of the changed statement to each purchaser who received a previous version of the statement, and
  • (c) give a copy of the changed statement to each prospective purchaser before the prospective purchaser enters into an agreement to purchase.

1998-43-139, effective July 1, 2000 (B.C. Reg. 43/2000).

REGULATIONS AND FORMS

The Strata Property Regulation, B.C. Reg. 43/2000, is included at chapter 57 (Strata Property Regulations) in this Manual.

Rental Disclosure Statement, Form J: Section 139(1)(a)

The Strata Property Regulation prescribes Form J, Rental Disclosure Statement, for the purpose of s. 139(1)(a) of the Act. Form J is included at chapter 58 (Strata Property Forms) in this Manual.

Rental Disclosure Statement under the Condominium Act

See s. 17.14 of the Strata Property Regulation regarding the application of s. 139 of the Strata Property Act to a rental disclosure statement delivered to the superintendent by an owner developer under s. 31 of the Condominium Act.