39 Cancellation Of Strata Management Contracts

39 (1) A contract entered into by or on behalf of the strata corporation for the provision of strata management services to the strata corporation may be cancelled, without liability or penalty, despite any provision of the contract to the contrary,

• (a) by the strata corporation on 2 months’ notice if the cancellation is first approved by a resolution passed by a 3/4 vote at an annual or special general meeting, or
• (b) by the other party to the contract on 2 months’ notice.

• (2) The strata corporation does not need any prior approval to cancel the contract in accordance with its terms or to refuse to renew the contract when it expires.

1998-43-39, effective July 1, 2000 (B.C. Reg. 43/2000).