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272 Vote To Cancel Strata Plan And Become Tenants In Common

In This Volume

272 (1) To apply to the registrar to cancel a strata plan and become tenants in common of

  • (a) land shown on the strata plan,
  • (b) land held in the name of or on behalf of the strata corporation, but not shown on the strata plan, and
  • (c) personal property held by or on behalf of the strata corporation,
  • a resolution must be passed by an 80% vote at an annual or special general meeting.
  • (2) The resolution must approve all of the following:
  • (a) the cancellation of the strata plan;
  • (b) the dissolution of the strata corporation;
  • (c) the conversion schedule referred to in section 273;
  • (d) the conversion of each owner’s interest, in the owner’s strata lot and in the common property and common assets of the strata corporation, to an interest as a tenant in common in the shares set out in the conversion schedule in
    • (i) land that was shown on the strata plan immediately before it was cancelled,
    • (ii) land held in the name of or on behalf of the strata corporation, but not shown on the strata plan, and
    • (iii) personal property held by or on behalf of the strata corporation.

1998-43-272, effective July 1, 2000 (B.C. Reg. 43/2000); 2015-40-47, effective July 28, 2016 (B.C. Reg. 206/2016).

REGULATIONS

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

Strata Corporations Subject to a Schedule of Interest on Destruction

See s. 17.22(4) of the Strata Property Regulation regarding the application of requirements for a conversion schedule for the purpose of s. 272 of the Act to strata corporations that have cancelled a schedule of interest on destruction.

Amalgamated Strata Corporations

See s. 17.21(4)(b) of the Strata Property Regulation regarding the application of requirements for a conversion schedule to amalgamated strata corporations, at least one of which is subject to a schedule of interest on destruction, that do not submit an Amended Schedule of Interest on Destruction with an application under s. 269 of the Act.