Land Title Practice Manual

203 Conversion Of Ground Lease

In This Volume

  • 203 (1) The deposit of the leasehold strata plan operates as a conversion of the ground lease into individual leases of the leasehold landlord’s interest in each strata lot, including its share in the common property,
  • (a) in the form of the model strata lot lease attached to the ground lease, and
  • (b) granted to the owner developer by the leasehold landlord.
  • (2) The conversion of the ground lease does not affect the obligations of the owner developer and the leasehold landlord under the ground lease.

1998-43-203, effective July 1, 2000 (B.C. Reg. 43/2000).

PRACTICE

Model Strata Lot Lease

The new model strata lot lease is endorsed in the general index of the strata corporation.

Submissions

On the Strata Property Act Filing form, select Model Strata Lot Lease, and attach an image of the original strata lot lease.