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Is it the owners? Is it a Property Management Firm? Is the Property Manager? Would you be surprised if you learned that ‘none of the above’ is correct? The Strata Property Act of BC which is the current law that governs Stratas (Condos) in BC states in Sec, 26; “Subject to this Act, the regulations and the bylaws, the council must exercise the powers and perform the duties of the strata corporation, including the enforcement of bylaws.” What does this mean? It means that when you elect a Strata Council at your Annual General Meeting, you are electing people who will make most, if not all of the decisions made for your strata and home over the next year. You are giving these people a lot of power to make decisions that may directly impact on the short and long term value of what is likely your prime investment. Questions to reflect on : Do you really know these individuals standing for Council? Can you rely on their judgement? Do you know that in many cases it is very hard to find enough people to fill the positions on Council? Often, those owners who are serving have had to be coaxed and cajoled into serving on Council. Ask yourself; Is this the best method to choose someone to protect what is probably my most important asset? In view of the foregoing, would you give second thought to personally serving on a Strata Council, or getting to know the neighbours and fellow owners whom you are electing. QUESTION: Who then should run your strata? ANSWER: YOU as a Council Member, or someone that you truly trust. NEXT TOPIC: WHO SHOULD RUN YOUR STRATA?: HOW CAN I DIRECT THE COUNCIL? Earl M. Huff The above should not be considered a legal opinion, but is based on eleven years of strata experience and an intimate knowledge of the Strata Property Act. |
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| Amex Broadway West Realty |
| #201 - 1055 West Broadway - Vancouver, B.C. V6H 1E2 EMAIL: ehuff@telus.net - Danielle_Huff@telus.net FAX: 604-736-8210 |



