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Are strata corporations required to use the standard contract for strata management services as insisted on by many management companies?

April 26, 2017companies contract corporations insisted Management Services standard Strata

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Are strata corporations required to use the standard contract for strata management services as insisted on by many management companies?

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The requirements for management contracts are set forth in the Real Estate Services Act (RESA) Rules. The standard contract includes many provisions that are not required by the RESA, some of which place strata corporations at a distinct disadvantage in relation to their management company. Strata corporations should always seek legal advice from a lawyer not connected with the management company before signing management contracts.