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B.C. Reg. 393/2004, deposited August 20, 2004, pursuant to the REAL ESTATE ACT [Section 80]. Regulation of the Superintendent of Real Estate, dated August 19, 2004.
Pursuant to section 80 of the Real Estate Act, the Superintendent of Real Estate orders that the attached regulation is made.
— W. A. CLARK, Superintendent of Real Estate.
INDIVIDUAL EXEMPTION REGULATION No. 149
1 An offer for sale or lease, the sale or lease, and any assistance in the selling or leasing of the subdivided land that comprises all or part of the land described as
Strata Lots 9 to 16, inclusive
District Lot 506, ODYD
Strata Plan KAS1633
by or on behalf of Porch Light Properties Ltd., is exempt from all of the provisions of Part 2 of the Real Estate Act on condition that
(a) Porch Light Properties Ltd. will advertise for sale or lease or otherwise market the lots for commercial or industrial purposes only,
(b) the land is used for commercial or industrial purposes only, and
(c) Porch Light Properties Ltd. will notify all purchasers or lessees at the time of an offer for sale or lease that the offering is exempt from the provisions of Part 2 of the Real Estate Act and that they will not receive a prospectus or a disclosure statement under the Real Estate Act and will not have the benefit of any rights or protections afforded by Part 2 of that Act.
Copyright © 2004: Queen's Printer, Victoria, British Columbia, Canada