What are the Responsibilities of your Strata Council?
Many owners have questions about what in fact their strata council does and is supposed to do. Here is a list taken from a resource (Role/responsibilities of the Strata Council) published by the Financial Institutions Commission:
Specific Duties of the Strata Council
The specific duties of the strata council include the following:
- keeping a list of the names of owners and tenants, and similar documents
- paying strata corporation bills
- making themselves accessible by providing a telephone number or some other method of contact
- entering into strata corporation contracts and supervising the performance of duties under those contracts
- hiring and supervising employees of the strata corporation
- keeping all strata corporation records
- making records available for inspection and copying for the owners for a charge of not more than 25 cents per page
- calling and conducting general meetings
- completing “Information Certificates” (Form B) and “Certificates of Payment” (Form F)
- preparing the budget and financial statements
- directing investments and expenditures
- collecting strata fees and other money owed to the strata corporation
- enforcing the bylaws and rules
- obtaining adequate strata corporation insurance
- approving strata lot alterations
- granting owners and tenants short term exclusive use of common property
- exempting the application of rental restriction bylaws for individual owners based on hardship.
To view the full resource guide visit http://www.fic.gov.bc.ca/responsibilities/strataowners/instruction_guides.htm
