Greg Thornton & Colin Thornton  

Top 10% of Greater Vancouver REALTORS® for 29 Years ! In Listing, Sales, & Dollar Volume!


``Modern Day Marketing Techniques With Old Fashioned Service``

RE/MAX Sabre Realty Group 604-942-0606

102-2748 Lougheed Hwy, Port Coquitlam, V3B 6P2

            

Greg Thornton
Cell:604-644-8252
Office:604-942-0606
Toll Free:1-888-942-0606

Colin Thornton
 

 

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FAQs

What is a bare land strata?

A bare land strata is a strata plan on which the boundaries of the lots are defined by survey markers and not by reference to walls. It is a division of land rather than of a building or buildings as would be the case in a condominium.

 

What is the difference between strata and bare land strata?

Bare land strata is governed by the bare land strata regulations and refers to the subdivision of land into strata lots and common property. In a condominium strata, all the lots share land and walls as well as common property. In a bare land strata, each lot is individual and houses a single family, self contained dwelling.

Do I own the property?

Yes, your lot is classified as a freehold. The "strata lot" is a lot shown on a strata plan, and is owned privately by a registered owner or owners.

 

What are owners responsible for in a bare land strata?

Sharing common property comes with benefits, and these facilities need to be maintained. This is accomplished by a strata council comprised of home owners in the strata. With the assistance of a property management firm, the strata council manages the common property and facilities, undertakes improvements and manages bylaws. To fund these activities, the strata collects monthly maintenance fees from the owners.  The upkeep of the strata facilities is important not only for owners used but also to maintain the value and quality of the property. Similar to non-strata freehold land ownership, home owners are responsible for the maintenance of their individual homes.  Monthly maintenance fees include items such as common area utilities, maintenance, snow clearing and management fees.

 

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