What is a 'bare land strata' in British Columbia?
Correct Answer
C) A strata where owners own their lots, including land and buildings, and share common property and expenses
A bare land strata under the Strata Property Act is a form of strata ownership where individual strata lots consist of the land itself (rather than airspace as in a conventional strata). Owners own their lot including any buildings on it, while sharing common property (roads, utilities, amenities) and governance through the strata corporation. Bare land strata is common for townhouse developments and rural properties.
Why This Is the Correct Answer
Option C is correct because a bare land strata under the Strata Property Act is a form of strata title where each owner owns their individual lot including the land and any buildings on it. This differs from conventional strata where owners own an airspace parcel within a building. Bare land strata owners share common property (roads, utilities, amenities) and expenses through a strata corporation, similar to conventional strata governance.
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