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There are penalty points for such things as failing to notify and register leases on the Strata Roll, but how exactly does this work? (Until recently I’d never heard of a Strata Roll.)
I asked my former agent – the building’s caretaker – to lease my apartment “mid- to long-term, minimum six months or longer”. He ignored this and rented it short term and never registered, what he calls, a lease as he “has never felt it necessary to waste our strata manager’s time”. In total he rented my apartment to 126 different ‘lease holders’, some as short as two nights, with never a registration on the Strata Roll.
Who applies the penalty points, how are these applied and how much would he, or would it be the strata manager…or me, be up for on 126 unregistered ‘leases’? It should be noted that he’s renting 40 apartments in our building on minimum one night stays and has been doing so for 15 years. There’s money there for someone!
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