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If a developer intends to rent one or more residential strata lots, or to specifically designate strata lots for rental after purchasers acquire them from the developer, section 139(1) of the Strata Property Act requires the developer to file a Rental Disclosure Statement with the Superintendent of Real Estate before the first strata lot is offered for sale. The developer must also give a copy of the filed Rental Disclosure Statement to each prospective buyer before he or she purchases a strata lot. The prescribed form of Rental Disclosure Statement has changed over the years. Under the Strata Property Act, a Rental Disclosure Statement is known as Form J, which is found among the forms in the Regulations. As a result of changes to the Strata Property Act in December 2009, the government also amended the prescribed form of Rental Disclosure Statement (Form J).[3]
In the Rental ...(click to read more)
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