If you have ever owned a condo or purpose built residence and then had the rules ignored or spat at by investors you will know how much an "agreement" will help in solving rental and out of town owners.  Nothing more than PR on the realtor and West Van council.  We will hear about this in the "news" in a few years as "surprised" residents find renters and out of town non-residents in most units.  Q'uelle surprise....