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 to tailor this, to ensure all relevant documents are provided.
It’s also important that the date to receive the documents be earlier than the date to remove the subject, giving you and your clients plenty of time to review all the documents and ask questions.
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].
A little about us:
- We are a fully licensed brokerage under the BCFSA, and carry Errors and Omissions (E&O) insurance.
- We’ve been in business since 2017 and have completed over 1,800 strata reviews to date province wide.
- Our Review Advisors have firsthand knowledge and experience. They’ve all been practicing strata managers.
A little about our services:
FAQs: How do Condo Clear’s services work?
Pricing: How much do Condo Clear’s services cost?
Here is a Sample Buyer’s Review that you can look through. If you have some time, we would love to setup a quick chat, to talk more about our review process and go over any specific needs you might have.
Ryan Stenquist & Magurel Mic
Condo Clear Services Inc.