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Under B.C.s Strata Property Act and regulations, all strata corporations with five or more strata lots must obtain depreciation reports on a five-year cycle. Strata corporations may no longer defer getting a depreciation report by holding an annual 3/4 vote.
Strata councils or strata property managers can provide documents such as a Form B, minutes, and financial records. For properties that have strata managers, property owners and authorized persons can order strata documents online through a third-party portal called eStrataHub. Payment is by credit card.
The Form B: Information Certificate discloses information about a strata lot and strata corporation. It is typically requested by potential buyers. It is important to use a current version of the Form B as it is regularly updated.
The Form F: Certificate of Payment provides information on whether the owner of a strata lot owes money to the strata corporation. The Form F is required by the Land Title Office when transferring a strata property to a new owner.
Strata housing is often referred to as condos or condominiums. However, strata housing not only includes apartment-style condominiums but can also include: duplexes, townhouses, fractional vacation properties, even single family homes in bare land strata corporations (strata subdivisions).
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