As an owner in a strata-operated property, do you wonder how you can challenge a strata council’s decision? As a strata council member, do you wonder how you can enforce the bylaws effectively? The Fine Effective late-2018, the maximum fine that a strata corporation may set out in its bylaws for the contravention of a bylaw that prohibits or limits…
In some cases, buyers may change their minds or realize that they are no longer financially able to follow through with their purchase. However, reneging has proven to be quite expensive and stressful. Therefore, it is important that buyers are well aware of what they are getting themselves into and the terms by which their offer is based on. An…
Canadian home sales have fallen due to the tougher mortgage qualification rules that have deterred prospective buyers. The real estate market tightened its regulations in an attempt to make certain that buyers will be able to sustain potential fluctuations in their economic standing. This may be in terms of interest rate volatility, should their interest rates surpass that of their…
Vancouver’s real-estate market has been on the rise and contractors are in high demand. From the maintenance of a real-estate investment to renovating or building a house; more people are generally inclined to enter into an agreement with a contractor or builder. An agreement struck with a contractor for restoration, renovation or building services fall within the scope of contract…
If you’ve been following the real-estate market in any metropolitan city, you’ve most likely overheard the term ‘assignment’ when talking about buying or selling condos. What is an assignment? An assignment is the transfer of one party’s interests in a contract of purchase and sale to a separate outside party. In layman’s terms, an outside party takes over the position…
When looking to make changes to your property, it’s important to consider the implications it may have on your neighbors. Take a tree for example. You want to alter or remove a tree, that crosses both your, and your neighbor’s property line. Prior to making any alteration to the tree, even its just cutting a branch, you must remember that…
If you own or rent an apartment in Vancouver, BC, there’s a good chance you’re familiar with your buildings strata management company. While most people have become comfortable with paying their monthly strata fees, you may not be as inclined to pay a strata bylaw fine. If you’ve received a ticket for a strata infraction, it is important to know…