Strata Solutions: Eight Tips for Winding Up a Strata

(December 05, 2016)

It has become easier to dissolve your strata and sell your condo building to developers, but there are pitfalls involved. Here we have eight essential tips, prepared by the legal experts Lawson Lundell LLP on behalf of FirstService Residential

Lawson Lundell LLP FirstService Residential FirstService Residential
December 5, 2016

On July 28, 2016, new amendments to the Strata Property Act came into effect, which make it easier for owners to dissolve or “wind up” a strata corporation by lowering the voting threshold from unanimous approval of all strata lot owners to 80 per cent.