Condo Smarts: Pre-sales agreement is not a purchase or sale of strata lot

Dear Tony: How do we find out the costs and liabilities of a new strata high rise in a development in Burnaby with several air space parcels, when it is a pre-sales purchase? We have asked in the sales office and the only answer we receive is “the expenses of each property are allocated to that property only.” We lived in a strata with an air space parcel agreement (ASP) where this was not the case and the agreement can have a significant impact on strata fees and the obligations of the strata council and managers to administer property. Doesn’t the legislation require the terms and conditions of the agreement to be included and disclosed prior to any sales?

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