What is a Bare Land Strata?

Published By: on August 27th, 2011 in Category Nanaimo Real Estate News
Published By: on August 27th, 2011 in Category Nanaimo Real Estate News

We have several “Bare Land Strata” developments in Nanaimo. Long Lake Heights and Lakeside Estates (Garside Cres.) are two local examples. With a bare land strata each lot is owned individually and so is responsible for its own maintenance. There is also common property such as the roads and sometimes a club house or storage facility. The strata is responsible for the maintenance of this common property. Bare land strata fees are lower than a regular strata and they usually cover garbage pickup, sewer, water and road maintenance. Non-strata residential home in Nanaimo pay User Rates for these services, over and above property taxes. Bare land strata home owners do not pay the city User Rates.

Bare Land Stratas usually have rules that regulate parking. Often there is no parking allowed on the street overnight and no RV parking. This is because the streets are often narrower than in a regular subdivision. While the bare land strata does not have the right to regulate the home owners use of their own property, there may be a common building scheme with regulations about exterior finishes and roofing etc. This is true of any subdivsion.

Testimonials

We had been planning a move from Calgary to Nanaimo for retirement purposes for a few years. Upon discovering Love Real Estate Group a relationship began. Over a period of time, with patience, professionalism, good humour and integrity, Love Real Estate Group helped us secure a home that met our needs and our wishes. We are happy to recommend Love Real Estate Group to anyone looking to buy a property in the Nanaimo area.

Diane and Tom Crawford

When I decided to sell my home in Cedar by the Sea last April, I asked Love Real Estate Group to list it. Within a week, I had offers and a purchaser. Next, Love Real Estate Group showed me a number of potential residences that could meet my needs. Within three weeks, I was very interested in buying a townhouse, made an offer and it was accepted. I was very impressed with Love Real Estate Group’s manner in which they dealt with me. Their advice, professionalism and prompt service were especially appreciated. I would highly recommend these Ladies to others if they are seeking either to sell or buy a home. Thanks again Love Real Estate Group.

Al Cormon