Whirlpool YWMH1162XVS Operations Instructions download pdf (Page 29)

Strata Living

The

Strata Property Act and Regulation affects strata owners, buyers, sellers, and developers. This section

provides an overview of the key topics that you need to be aware of when buying and owning a strata unit.

WHAT IS A STRATA UNIT?

Types of residential strata units include: a townhouse, a condominium, an apartment within a building, a

duplex or a bungalow.

A strata unit is a form of real property ownership that has two distinct parts: you own your strata lot to which

you get a land title, and you also jointly own common property with the other unit owners in your complex.

Owning a strata unit is not the same as renting an apartment where all the duties and responsibilities of

running the building are handled by the building owner and caretaker. In a strata complex, ownership

responsibilities belong to you and all other unit owners in your strata corporation.

Strata Lot

The exact boundaries of each strata lot are identified in a strata plan.

When you buy a unit you acquire title to a space that is usually bound by walls, floors, and ceilings. You are

responsible for the maintenance, repair, and remodeling of your unit. However, you may need the council’s

permission to remodel your unit if the changes impact the common property.

Common Property

The common property in a strata complex is everything that is not within a unit identified in the strata plan. It

usually includes the space and facilities outside the strata lots, such as hallways, elevators, heating, and

electrical systems, laundry rooms, recreation rooms, and landscaped areas. In the case of a bare land strata

unit this would include such things as roads. Your share of the costs for the maintenance and repair of the

common property is determined by your unit factor.

Limited Common Property

Limited Common Property (LCP) is common property that has been designated for exclusive use of one or

more strata lots. This designation is done on either the strata plan or on a sketch plan filed with the Land

Title Office.

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Rolston Homeowner Manual E.& O.E.

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Whirlpool YWMH1162XVS Operations Instructions Page 29