There’s a lot to go over when it comes to the Contract of Purchase and Sale. One thing that should not be overlooked is a subject clause giving the buyer the opportunity to review all the strata documents. While the BCFSA Knowledge Base has a “Receipt of strata documentation” standard clause, it may be useful…
The Form B is one of the documents that should always be reviewed when assisting a consumer looking to purchase a strata titled property. The strata corporation is required to provide the Form B within 7 days of a request.Technically speaking, the Form B is only current at the time it is issued. If the…
One pushback we often get when requesting all the strata documents is when we ask for the AGM/SGM notice packages. We’ve even had instances where we’ve been told the notices don’t exist, but since owners have to be notified of any general meetings, not giving proper notice would invalidate those meetings. Funny enough, the notice…
We’re back again with our strata tip. No matter where or who you get the strata documents from, it’s always important to verify that nothing is outdated or missing. Unfortunately, from our experience, more than 90% of the strata packages we receive are missing documents. While there is no legislation that specifically dictates how far…
Smoking restrictions have been implemented in many different areas of our society, and strata corporations are no exception. More and more stratas are adopting smoking restriction bylaws or rules, and here’s how they’re doing it. Lastly, it’s important to remember that regardless of whether your strata has a smoking restriction bylaw or rule, most strata…
The BC Home Owner Protection Act requires that all newly built homes (including strata properties) or buildings that have been substantially reconstructed be covered by third-party new home warranty insurance. You may often hear this referred to as the “2-5-10 New Home Warranty”. Basic coverage includes: 15 months for defects in labour and materials 2…
After having completed over 1,800 reviews, we’ve come to get used to seeing strata fees calculated incorrectly.Yes, you heard it right. Strata corporations or management companies are not always calculating the fees correctly. The good news is that it’s easy to verify the correct amount, if you have the right information. The info you’ll need:…
