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Description: The Land Owner Transparency Registry is part of the Province of BC’s plan to address concerns about housing affordability by ending hidden ownership.
The first-of-its kind in Canada, the Land Owner Transparency Registry (LOTR) is a registry of information about individuals who are deemed to have an indirect As defined in section 1 of LOTA, this term refers to an estate in fee simple; a life estate in land; a right to occupy land under a lease that has a term of more than 10 years, or a right under an agreement for sale to occupy land, or require the transfer of an estate in fee simple. interest in land as defined in section 1 of LOTA (e.g. through corpor
As of November 30, 2020, the Land Owner Transparency Act (LOTA) requires that when an application is made to register an interest in land as defined in section 1 of LOTA, a A declaration that is filed by each transferee together with an application to register an interest in land, stating whether the transferee is a reporting body and, if the transferee is a reporting body, whether the reporting body is a relevant corporation, a trustee or a relevant trust, or a partner of a relevant partnership. transparen
The Government of BC enforces compliance of LOTA. Visit the Government of British Columbia’s website for general information , enforcement , interpretation of the legislation and examples of indirect control .
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