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This Law amends the Strata Titles Registration Law (2005 Revision) in the interpretation section and in provisions concerning, among other things: creation of strata lots, duties and powers of a corporation created by the proprietors of all the strata lots of the property, voting rights, disposition of common property, bye-laws, and creation of easements and agreements. It also inserts a new section on acquisition of additional property. Proprietors may by special resolution, direct their corporation to accept a transfer or acquire a lease of any land for the purpose of adding such land to the common property or for such other purpose of the corporation as may be determined by special resolution of the proprietors. The Act sets out requirements for the registration of such acquisition.
Amends: Strata Titles Registration Law (2005 Revision). (2005-02-24)