272 Vote To Cancel Strata Plan And Become Tenants In Common

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).