How are multi-unit residential developments primarily governed in British Columbia?
Correct Answer
D) Under the Strata Property Act
BC uses the term 'strata property' rather than 'condominium.' The Strata Property Act (SBC 1998, c. 43) governs the creation, management, and governance of strata corporations and strata lots, including bylaws, common property, and strata council operations.
Why This Is the Correct Answer
Option D is correct because multi-unit residential developments in BC are governed under the Strata Property Act (SBC 1998, c. 43). BC uses the term 'strata' rather than 'condominium,' which is the term used in most other Canadian provinces. The Strata Property Act provides the complete framework for creating strata plans, establishing strata corporations, governing common property, and regulating owner rights and obligations.
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In Alberta, a property owner grants a restrictive covenant that limits the use of the land to residential purposes. Which of the following is required for the covenant to 'run with the land' and bind future owners?