by Andy bernhart | Feb 12, 2023 | Resources
The Depreciation Report: A depreciation report provides important insights for buyers looking to buy into a strata corporation. It not only speaks about the current condition of the physical components (as long as the report is recent), but also the financial state of...
by Andy bernhart | Feb 11, 2023 | Resources
Most buildings that were built in the 90s or earlier came with more parking stalls and storage lockers than units. Today, we’re seeing many new strata developments that have less parking stalls and storage than units, which makes these components that much more...
by Andy bernhart | Feb 10, 2023 | Resources
Are you unsure of what strata financial documents you should be checking? It’s really not that hard. Here are some pointers.One of the documents that is provided together with the Form B is the current budget. In addition to this, it’s recommended that the following...
by Andy bernhart | Jan 31, 2023 | Resources
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...
by Andy bernhart | Jan 30, 2023 | Resources
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...
by Andy bernhart | Jan 30, 2023 | Resources
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...
