Under BC's Strata Property Act, which of the following must the Information Certificate (Form B) that a strata corporation issues to a prospective purchaser disclose?
Correct Answer
B) Strata fees and any approved special levies
The Strata Property Act does not prescribe the contents of a Contract of Purchase and Sale; the statutory disclosure document is the Information Certificate under s. 59. Section 59(3) requires it to disclose, among other items, the monthly strata fees and any approved special levy the owner must pay in the future, with its due date.
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