Consultation Paper on Governance Issues for Stratas
251 Pages Posted: 19 Mar 2018
Date Written: March 13, 2018
Abstract
This is the third consultation paper published in BCLI's Strata Property Law Project-Phase Two. The phase-two project builds on the consultation and research carried out in phase one of the project. It addresses legislative reform of the Strata Property Act, with the goal of promoting the development of the next generation of the act. Previous consultation papers have considered terminating a strata and complex stratas.
This consultation paper examines selected governance issues. These are issues concerning the method or system of a strata corporation's management. The hallmark of governance is effective decision-making. Strata-corporation governance entails coordinating a diverse range of individual strata-lot owners to make effective decisions on matters of common concern. This consultation paper's focus is on how the Strata Property Act and the Strata Property Regulation enable that process through provisions on bylaws and rules, statutory definitions, general meetings and strata-council meetings, finances, and notices and communications.
Keywords: strata property, real property, governance, meetings, bylaws, proxies, voting, quorum, elections, agenda, minutes, finances, condominium
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