Strata Management Licensing Practice Exam · Question
Strata Plan VR1122 in Vancouver needs to replace its aging roof at an estimated cost of $250,000. Their current contingency reserve fund has $150,000. To cover the shortfall, the strata council proposes a special levy of $100,000. What vote threshold is required for the owners to approve this special levy at a general meeting?
Section 108(2) of the Strata Property Act states that a special levy must be approved by a 3/4 vote.
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Question: Strata Plan VR1122 in Vancouver needs to replace its aging roof at an estimated cost of $250,000. Their current contingency reserve fund has $150,000. To cover the shortfall, the strata council proposes a special levy of $100,000. What vote threshold is required for the owners to approve this special levy at a general meeting?
Answer options:
- Majority vote (50% + 1) ✅ 3/4 vote
- Unanimous vote
- 2/3 vote
Correct answer: 3/4 vote
Explanation: Section 108(2) of the Strata Property Act states that a special levy must be approved by a 3/4 vote.
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