Strata Tip: Check for Missing Documents

Strata Tip: Check for Missing Documents

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 No matter where or who you get the strata documents from, it’s always important to verify that nothing is outdated or missing.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...
Strata Tip of the Week : Smoking Restrictions in Strata Corporations

Strata Tip of the Week : Smoking Restrictions in Strata Corporations

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. Common Property – Many strata...
Strata Tip : New Home Warranties in Strata Corporations

Strata Tip : New Home Warranties in Strata Corporations

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...
Strata Tip : Check the Strata Fees

Strata Tip : Check the Strata Fees

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 Other Side of the Insurance Crisis – High Deductibles

The current insurance situation in B.C. has been difficult for many strata corporations. The average premium increase ranges from 40% to 50% depending on where the strata is located; however, some high value/high risk strata corporations have seen increases in the...

The Problem with Depreciation Reports

As of December 13, 2013, the majority of strata corporations in B.C. were required to obtain a depreciation report. I’m not going to talk about what a depreciation report is, as that is something that has bee covered ad nauseum, but what I would like to discuss today...