Category Archives: blog
Depending on where your property is located, you may need to think about preparing for earthquakes. This may even figure into your depreciation report, as a major earthquake could cause damage that would show up on a report.
There are some measures that your strata corporation m…
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Last time, we talked about just what a strata management company does and how to go about choosing the right one. Now let’s take a look at how to enter into a contract with a management company and what to expect during the contract.
Strata Management Company Contracts
Once you…
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Depending on the results of your depreciation report, your strata may determine that there is a lot that needs to be done to their property. Sometimes this task is well beyond the scope of a small strata corporation. In these cases, many stratas turn to a strata management corpo…
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So it is time for your strata to get a depreciation report done. You have decided not to attempt to do it on your own, but instead have a qualified reporter do it for you. How do you go about finding someone who is qualified to do the report? What are the skills that are require…
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One part of being a responsible strata corporation is being prepared for an emergency. Any number of emergencies could threaten a strata corporation’s property, including:
Fires
Flooding
Earthquakes
Power Outages
Storm Damage
Having a plan on how your strata is going to respon…
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Depreciation reports are absolutely necessary for the financial and structural stability of your strata building. Neglecting to perform this task will increase the likelihood of catastrophic failure for building components. Your strata corporation will also likely be less financ…
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Depreciation reports are absolutely vital because they make building owners aware of upcoming repairs. A well-crafted depreciation report also helps owners avoid paying hefty special assessments, gradually saving up an ample reserve fund instead.
A Horrific Scenario
Without a re…
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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…
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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…
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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…
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