Strata Tip : Make sure the “Form B – Information Certificate” is current

Make sure the “Form B - Information Certificate” is current

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 strata corporation were to, as an example, receive a notice of civil claim later that same day, the Form B, obtained earlier, would be out of date (it would include outdated information).
That being said, it’s not realistic for a strata to be “on-call”, waiting to issue new Form Bs. As a rule of thumb, we recommend that the Form B never be older than 1 month, and ideally newer. If you or your clients are concerned that the information included on the Form B might be out of date, it is always a good idea to request a new one.

Next week we’ll look at alterations within strata units, as reported on the Form B. If you have any suggestions for other topics you’d like us to cover, please let us know at [email protected].

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Ryan Stenquist & Magurel Mic

Condo Clear Services Inc.