What is Bare Land Strata ?
We don't have many "Bare Land Strata" in Fraser valley. I have been a Realtor in Surrey for over 7 years & i specialize in residential real estate. I have sold a few bare land strata homes, people seems to misunderstand bare land strata with strata properties. There is a big difference in strata and bare land strata.
Bare Land Strata
Bare land strata each lot is owned individually and so is responsible for its own maintenance except common property i.e roads, playgrounds, lamp posts, clubhouse. Bare land strata fees are lower than regular strata and they usually cover garbage pickup, sewer, water and road maintenance. Which a detached homeowner pays anyways beside property tax. Bare land strata do not regulate the homeowner's use of their own property unless otherwise amended in the bylaws where the strata corporation has taken responsibility for the certain parts of a strata lot, the strata corporation has no interest in each strata lot owners buildings. There could be a building scheme which now days is common in every subdivision. Building Scheme describes what exterior material you can use, kind of roof that is permissible Just so that the whole subdivision looks alike.
So in simple words to describe bare land strata home, the owner is responsible to maintain the roof, landscaping & exterior of his own home. In addition to all that all the owners in the bare land strata pitch in Strata fees to keep maintaining the common property.
If you have any questions regarding bare land strata property feel free to call me.
Bare Land Strata
Bare land strata each lot is owned individually and so is responsible for its own maintenance except common property i.e roads, playgrounds, lamp posts, clubhouse. Bare land strata fees are lower than regular strata and they usually cover garbage pickup, sewer, water and road maintenance. Which a detached homeowner pays anyways beside property tax. Bare land strata do not regulate the homeowner's use of their own property unless otherwise amended in the bylaws where the strata corporation has taken responsibility for the certain parts of a strata lot, the strata corporation has no interest in each strata lot owners buildings. There could be a building scheme which now days is common in every subdivision. Building Scheme describes what exterior material you can use, kind of roof that is permissible Just so that the whole subdivision looks alike.
So in simple words to describe bare land strata home, the owner is responsible to maintain the roof, landscaping & exterior of his own home. In addition to all that all the owners in the bare land strata pitch in Strata fees to keep maintaining the common property.
If you have any questions regarding bare land strata property feel free to call me.
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