Form B and Parking

If you have ever purchased a strata property you know how confusing the parking designation can be. Designations can include LCP (Limited Common Property), Common Property with spot assigned by Strata, and may also include a lease. Starting in January 2014 the Strata Form B document will have to include the parking information. It is always prudent to verify the information by viewing the Strata Plan, Common Property Title & General Index. This information is publicly available by visiting the Land Title Office. The General Index is particularity important is it may show a change in designation not evident on the Strata Plan. As an example parking may change from Common Property to Limited Common Property by way of a general resolution, outlined in the General Index.