Brent and James welcome Paul Mendes from Lesperance Mendes to shed light on the topic of strata windups. In this episode, owners will gain valuable insights into what they need to know about strata windups, discover common mistakes to avoid, and learn about the key steps involved in the process. With expert guidance and practical advice, this episode equips owners with the knowledge to navigate strata windups successfully and make informed decisions for their properties. _________________________________   Over 1.5 million people live in strata housing in the Province of British Columbia. Let's face it, you'd rather watch reruns of the nightly news than read the Strata Property Act (And we can't blame you) Still, most people are at a loss when it comes to understanding such an important framework for how many of us live our lives in proximity with one another. 🎙 Stratagize with Brent Anderson & James Milne features conversations with industry leaders and experts who share their knowledge to demystify an industry that impacts the lives of more than 1 out of 3 British Columbians. Whether you are a council member, owner, investor, or renter, if you're looking for content that will bring value to your strata and help you get to the next level… THIS is it! Listen to our latest episode, subscribe and rate us on iTunes. 👊 _________________________________ 🚨 STRATA TIP: The number one mistake councils make with windups is they don’t communicate enough with the owners. Ensure your process provides owners with all the information required. Consider holding townhall meetings. _________________________________   MAIN TAKEAWAYS: 🛠 Windups are the voluntary termination of the strata corporation. The process requires an 80% vote of all owners.     🛠 Developers recognize prime targets are stratas with bad depreciation reports which drives prices lower.     🛠  Most strata windups fail at the 80% vote     🦄 MYTH VS FACT A windup is forced onto strata owners. They won’t have a say in the process.   (Myth)   Owners have quite a bit of influence at SGM. Owners can lobby other owners, get proxies, drum up oppostion.   _________________________________ Connect with Stratagize Website Linkedin Email Connect with Brent Anderson Linkedin Connect with James Milne Linkedin   Connect with Paul Mendes Linkedin _________________________________ RESOURCES 8 steps to going out to bid Decision making tool