City of Vancouver faces complex negotiations on 717 expiring strata leases in False Creek South (BC)

The City of Vancouver has created a framework to negotiate with residents leasing municipal lands in False Creek South.  This will guide the city in talks, given what a staff report describes as “complex nature of the legal arrangements between the City and the strata leaseholders”.  Leases will expire starting in 2036, and the city has the option to either renew or end the contracts.  As a landlord, the city has not decided either way what it will do regarding the leases of 669 residential strata and 48 commercial strata units, or a total of 717 leases.       Read the article…………….

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