Specializing in Strata Depreciation Reports

Monthly Archives: May 2015

Picking a Security Company

Security is first on many people’s minds these days. How should you handle a request to the strata to add or upgrade the security of your building? If this is the first time that your strata has had to look into adding security to a building, the task might seem daunting. Here a…More

Reserve Fund

Why Passing on a Depreciation Report Could Cost Your Strata Owners Sales

Many strata owners and strata councils in British Columbia have sadly chosen to use the deferral option to avoid conducting a depreciation report / reserve fund study. They do not necessarily fully understand the risks and hidden costs that such an action invites. Realize that r…More

Find out what's included in depreciation reports.

Renewing Your Depreciation Report

The BC Strata Property Act makes it mandatory for every strata corporation of 5 units or greater to have a depreciation report completed, unless successfully waived per the strata regulations. Many strata corporations look at these reports as necessary evils to comply with provi…More

The Annual Contingency Budget

Strata corporations are responsible for upkeep and maintenance of the shared assets they manage. In order to have enough in the reserve fund to pay for the maintenance for the property, a strata should have a proper grasp on the different types of maintenance styles that exist a…More

The Three Types of Maintenance

Strata corporations are responsible for upkeep and maintenance of the shared assets they manage. In order to have enough in the reserve fund to pay for the maintenance for the property, a strata should have a proper grasp on the different types of maintenance styles that exist a…More

What Happens to a Building as It Ages?

The age of a building can be a good indicator of what types of costs might be involved in the property. Strata corporations are responsible for the upkeep of any common assets of the building. Using the age of the building can be an asset in predicting what sorts of issues might…More