How are multi-unit residential developments primarily governed in British Columbia?
Correct Answer
B) 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.
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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?