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Showing posts with the label Strata

Which Buildings in Whistler are Phase 1 and Which Buildings in Whistler are Phase 2? Phase 1 and Phase 2 Covenants in Whistler.

Whistler Resort Land Properties with Restrictive Covenants Include (but are not limited to): Property Name Covenant Type Adara Hotel Phase 1 Town Centre AlpenGlow Phase 2 Town Centre Aspens On Blackcomb Phase 1 Town Centre Blackcomb Lodge Phase 2 Town Centre Blackcomb Professional Building Phase 1 Town Centre Coast Blackcomb Suites Phase 2 Town Centre Coast Whistler Hotel Phase 2 Town Centre Crystal Lodge Phase 2 Town Centre Delta Whistler Village Suites Phase 2 Town Centre Executive Inn Phase 2 Town Centre Fairmont Chateau Whistler Phase 2 Fitzsimmons Phase 1 Town Centre Four Seasons private residences Phase 1 Town Centre Four Seasons Resort Whistler Phase 2 Glacier Lodge ...

Strata Properties - Leasehold vs Freehold

Strata Properties: In a strata plan, everything is either part of a strata lot or part of the common property. Generally speaking, a developer who intends to develop a strata project will either purchase the necessary land or lease it. The result is that developers may sell freehold or leasehold strata lots. Freehold If the developer purchases the land for development, the developer becomes the registered owner in fee simple. After the developer subdivides the land by depositing the strata plan, the Registrar of Land Titles records the developer as the fee simple owner of each of the newly created strata lots. The developer can then sell fee simple title to the buyers of the strata lots. We call these "freehold" strata developments because buyers acquire fee simple title to their strata lots from the developer. Leasehold If the developer leases the land for a strata development, he or she may only lease the property from the federal, provincial or a mun...