Depreciation Reports/Reserve Fund Studies As of December 14th, 2011, an amendment to the Strata Property Act (SPA) was passed, requiring strata corporations to obtain deprecation reports by no later then December 14th, 2013, unless the owners of the corporation waive … Continue reading
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Strata Bylaws and Rules A strata corporation must have bylaws that govern the administration, control, management, maintenance and use of the strata lots and common property in the strata corporation. A strata corporation operates under the Standard Bylaws, as per … Continue reading
Strata Insurance In this post we will discuss both strata insurance and homeowners insurance. Many strata lot owners believe that they do not require individual homeowners insurance for their strata lot. They think that they are insured through the strata … Continue reading
We will be updating this page with strata industry notes on a monthly basis, so check back often.