Can an owner pay to acquire real estate for the strata corporation?

Yes, but the strata corporation must obtain owner approval by a 3/4 resolution before it can acquire the real property. 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 real property for a strata corporation, the strata corporation must obtain owner approval before accepting and registering its ownership in the real estate.

 

 

 

Notes:

  1. Strata Property Act, SBC 1998, c43, s.78(1).