Under BC's Strata Property Act, which statement correctly describes a difference between nonresidential (commercial) strata lots and residential strata lots?
Correct Answer
B) Nonresidential lots can have weighted votes under a Schedule of Voting Rights
Under Strata Property Act s. 53(1) each strata lot has one vote unless a Schedule of Voting Rights under s. 247, 248 or 264 provides otherwise. Section 247 lets a strata plan with at least one nonresidential lot set votes for those lots by a formula based on unit entitlement, and s. 248 allows a different schedule approved by the superintendent.
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