Strata Facts and Information

Buyers should review strata depreciation reports before purchasing a strata property for several important reasons:

In British Columbia, strata depreciation reports play a crucial role in providing transparency and insight into the financial health and maintenance requirements of a strata corporation. These reports are comprehensive documents prepared by qualified professionals that outline the anticipated future expenses for maintaining and repairing common pro...

Engineering reports are comprehensive assessments conducted by professional engineers to evaluate the structural integrity, safety, and overall condition of buildings or infrastructure. These reports are essential tools used by property owners, buyers, developers, and government agencies to make informed decisions about the maintenance, repair, ren...

Depreciation reports and reserve fund studies are both tools used in the management of condominium or strata properties, particularly in British Columbia. They help ensure that the property's physical and financial health is maintained over time. Here's an explanation of each:

Strata fees, also known as strata maintenance fees or condo fees, are regular payments made by owners of units within a strata development in British Columbia, Canada. These fees are essential for covering the costs associated with the maintenance and management of the common property and shared services in the strata corporation.

How Strata Fees Wo...