Definition of Renting vs Lease with Purchase options - legal recommendations needed

[ryguy]

Hello,

I`m considering doing a lease with purchase options on a property that has strata bylaws prohibiting rental. I`ve mostly written off the option however I was encouraged to seek legal advice as to what the definition of renting is and how a lease with purchase options might legally be completely different and may allow me to proceed forward bypassing any strata bylaws in place.

I`m looking to discuss this with a lawyer in the Abbotsford, BC area (vancouver could work too). Does anyone have any recommendations for me? Has anyone gone through a similar scenario that would be willing to share experiences?

Thanks in advance.

 

[Dan_Eisenhauer]

Mark Warkentin, a REIN member, lives and works in Abbotsford. You can find his contact info in his profile.

Rick Ledding is also a REIN member, I think. He works for Thompson & Elliott in Vancouver.

Either could give you good advice on this topic.

Let us know what you find out. Many of us would like to know if we can do RTOs in a rental restricted strata.