New strata termination legislation introduced!

New strata termination legislation was introduced into the provincial legislature today.  This new legislation will lower the threshold from a unanimous vote to a new 80% vote of all strata owners as per BLCI’s recommendations February 2015 with court oversight to protect minority dissenting owners and registered chargeholders.

For more info, here is the BC Government press release on strata termination:  https://news.gov.bc.ca/releases/2015MNGD0062-001678


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