210 Renewal Of Strata Lot Lease

210 (1) A strata lot lease may be renewed at the option of the leasehold landlord.

• (2) A renewal of a strata lot lease must be for a term of at least 5 years.
• (3) The leasehold landlord must, at least one year before the expiry of the strata lot lease, give notice in writing to the leasehold tenant that the leasehold landlord has elected

• (a) to renew the strata lot lease for the renewal term specified in the notice, or
• (b) not to renew the strata lot lease.

• (4) If the notice is not given under subsection (3), the leasehold landlord must renew the strata lot lease for a term of 5 years.
• (5) If the election is not to renew, the leasehold landlord must purchase the leasehold tenant’s interest in the strata lot under section 214.

1998-43-210, effective July 1, 2000 (B.C. Reg. 43/2000).