Can an owner pay to acquire personal property for the strata corporation?

 

Yes, but the strata corporation must obtain owner approval by a 3/4 resolution to acquire the property if the property is worth more than the value set out in the bylaws, or if the bylaws are silent, if the property is worth more than $1,000. 1
The British Columbia Interpretation Act, RSBC 1996, c.238, s29 defines “acquire” to mean, “obtain by any method and includes accept, receive, purchase, be vested with, lease, take possession, control or occupation of, and agree to do any of those things…”

Therefore, even if an owner volunteers to pay to acquire personal property for a strata corporation, the strata corporation may need to obtain owner approval before receiving or accepting the personal property.

 

 

 

Notes:

  1. Strata Property Act, SBC 1998, c43, s.82(3).