July 14, 2018

July 14, 2018

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What is a Strata?

July 14, 2018

A strata corporation is a legal entity, and is a form of property ownership. Many condominiums and townhomes are strata properties. Strata corporations are regulated under the Strata Property Act. They must have an elected strata council, which runs the the strata corporation. Since a strata corporation is a legal entity, it can enter into contracts and hire employees, and can sue or be sued.

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