The Supreme Court of British Columbia, in its recent decision in 585582 B.C. Ltd. v. Anderson, upheld as valid and enforceable a mandatory rental pool restrictive covenant registered against strata lots in a resort development. The covenant in question was similar in substance to those often registered against strata lots forming part of strata resort hotels in BC. It set out that strata lot owners could not rent their strata lots to the public, except in accordance with a rental pool management agreement that provided that the rental revenue would be split 50/50 between the hotel operator and the strata lot owner. Read more……….
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