Depreciation Reports & Reserve Fund Studies
Depreciation Reports offered by NLD Consulting - Reserve Fund Advisors
Our team of Certified Reserve Planners (CRP specialists) provides Depreciation Reports, commonly known as Reserve Fund Studies, on Residential, Commercial and Industrial Strata developments, including high-rise and low rise projects across British Columbia. (Read More) Our team of Certified Reserve Planners (CRP specialists) provides Depreciation Reports, commonly known as Reserve Fund Studies, on Residential, Commercial and Industrial Strata developments, including high-rise and low rise projects across British Columbia. We provide depreciation report services to Metro Vancouver, the Fraser Valley, the Sea-to-Sky Corridor including Whistler, Southern Vancouver Island, the BC Interior including the Okanagan and other areas of British Columbia where depreciation reports may be required. With our team of Certified Reserve Planners (CRPs), AACIs and CRAs, we believe we offer BC’s largest and most experienced team of individuals holding these professional qualifications whom follow and exceed the legislated requirements for a Strata Depreciation Report. (Read Less)
Important Time Sensitive Information & Advice Regarding Depreciation Reports:
As the initial deadline has now passed, the following options are available for strata corporations. (Read More)
THE LEGISLATED DEADLINE FOR COMPLETION OF THE INITIAL DEPRECIATION REPORT IS DECEMBER 13, 2013. As this initial deadline has now passed, strata corporations should either have their initial Depreciation Report under way, or should have a self-exemption in place in order to be compliant with the Act. If your strata corporation comprises 5 strata lots or greater, was formed on or prior to December 13, 2011, and have not yet addressed your depreciation report requirements, you should be taking action now! If the intent is to comply by having your report completed in the New Year, request your Depreciation Report Proposals soon, and pass the anticipated/budgeted expenditure at your upcoming Annual General Meeting or a Special General Meeting. You may also wish to consider a self-exemption vote in order to remain compliant until your Depreciation Report is complete.
If you have any questions about how to remain compliant, feel free to contact us at your convenience, and we will be able to advise your corporation on the necessary steps and options to meet the obligations of the Act. (Read Less)
FAQ – Frequently Asked Questions regarding Depreciation Reports
- In simple language, what is a Depreciation Report?
A Depreciation Report is a plan for the long term funding of the shared components of your Strata Corporation. (Read More)