Can a strata corporation acquire personal property for its use?

Yes, but the strata corporation must obtain prior approval by a ¾ vote resolution if the personal property has a market value greater than an amount set out in the bylaws, or $1,000 if the bylaws on silent as to the amount. 1

 

 

Notes:

  1. Strata Property Act, SBC 1998, c.43, s.82(1) and (3)
Oscar Miklos
Oscar Miklos is the founder and principal lawyer at Refresh Law in Burnaby and the founder of HousingGuide.ca. He regularly advises residential and commercial landlords and tenants, strata owners, strata corporations, property managers and insurance providers in all aspects of housing disputes.