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Latest Info from Karin Barlow & Associates, Newport Realty 250-385-2033

Form B and Parking

Byadmin

Nov 12, 2022

If you have ever purchased a strata property you know how confusing the parking designation can be.  Designations can include LCP (Limited Common Property), Common Property with spot  assigned by  Strata, and may also include a lease. Starting in January 2014 the Strata Form B document includes the parking information.  It is always prudent to verify the information by viewing the Strata Plan, Common Property Title & General Index.  This information is publicly available at the Land Title Office.  The General Index is particularity important is it may show a change in designation not evident on the Strata Plan.  As an example parking may change from Common Property to Limited Common Property by way of a general resolution, outlined in the General Index.

By admin