What Types Of Bylaws Are We Looking For In Strata Homes?
When we are looking at purchases of Strata Properties one of the first questions we look at is:
What types of Bylaws are we looking to find, or looking to avoid?I intentionally I ask this question right away.
The most common questions about bylaws relate to, pets, rentals, and age.
I find that these Bylaws are usually more in-depth in the older buildings.
As issues come up inside the Strata new bylaws are adopted to help manage persistent issues and concerns.
A good example of a Bylaw in action is No Pets, usually this a choice the Strata makes to help reduce noise in the building, and keep their common areas cleaner which can lower costs related to cleaning the hallways and can reduce grounds maintenance.