The Strata Concept (22:III): Difference between revisions
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→C. The Strata Plan
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=== 1. Overview === | === 1. Overview === | ||
Every strata corporation has a strata plan that consolidates its fundamental documents. Among its functions include mapping the physical space of a strata corporation. A strata corporation’s strata plan is valid when filed in the Land Title Office. | Every strata corporation has a strata plan that consolidates its fundamental documents. Among its functions include mapping the physical space of a strata corporation. A strata corporation’s strata plan is valid when filed in the Land Title Office. This is also when the strata corporation comes into existence. | ||
Common property may be designated as limited common property, where the common property is reserved for the exclusive use of the owners of one or more strata lots while keeping its designation as common property. How property is designated on the strata plan affects legal rights and obligations, such as who bears the responsibility of repair and the extent to which the strata corporation can control the property. | Common property may be designated as limited common property, where the common property is reserved for the exclusive use of the owners of one or more strata lots while keeping its designation as common property. How property is designated on the strata plan affects legal rights and obligations, such as who bears the responsibility of repair and the extent to which the strata corporation can control the property. | ||
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=== 4. Amendments === | === 4. Amendments === | ||
The ''SPA'' allows strata plans to be amended. For example, strata lots can be added, divided, or combined. Common property can be incorporated into a strata lot, and a strata lot can be incorporated into common property. Designations of limited common property can be added or removed. | The ''SPA'' allows strata plans to be amended. For example, strata lots can be added, divided, or combined. Common property can be incorporated into a strata lot, and a strata lot can be incorporated into common property. Designations of limited common property can be added or removed (''SPA'', s 257). | ||
A strata corporation can designate common property as limited common property without needing to amend the strata plan | A strata corporation can designate common property as limited common property without needing to amend the strata plan with a 3/4 vote at an annual or special general meeting and by subsequently filing a sketch plan (''SPA'', s 74). | ||
== D. Bylaws and Rules == | == D. Bylaws and Rules == | ||