Skip to main content

In This Volume

23 (1) For 2 years following the transfer of control referred to in section 22, the owner developer must keep all financial records that relate to the strata corporation’s finances during the period before the transfer of control.

  • (2) During the 2 years that the owner developer keeps the financial records,
  • (a) the owner developer must, at the request of the strata corporation, make them available for inspection free of charge by the strata corporation, and
  • (b) the strata corporation may, at its expense, copy or audit them.

1998-43-23, effective July 1, 2000 (B.C. Reg. 43/2000).

REGULATIONS

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

Retention of Records

See s. 4.1(7) of the Strata Property Regulation regarding the strata corporation’s duty to retain records and documents obtained from owner developers under s. 23 of the Act.

Phased Strata Plans

See s. 13.4 of the Strata Property Regulation regarding the application of s. 23 of the Act to phased strata plans.

CROSS REFERENCES AND OTHER SOURCES OF INFORMATION

See s. 35 of the Act regarding the strata corporation’s duty to prepare and retain records.