Condo Smarts: Navigating foreshore leases (BC)

/ Owner - August 14, 2024

Q: We live in the interior of British Columbia and our bare land strata shares a marina with a condo and townhouse development. To date, the lease was always in the developer’s name. The developer has approached our three corporations and suggested he will transfer the leases to the corporations for a fee, requiring our three corporations to convene general meetings and vote on the terms, conditions and fees.   Read the Q&A………………………………..

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