Tag Archives: Strata Issues

Protect Yourself: Strata Water Deductible Review Reminder

Protect Yourself: Strata Water Deductible Review Reminder - Mark J Walker

It’s the time of year for your strata water deductible review. The majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation’s master building policy and if not advise their insurance Read More

Understanding Depreciation Reports For Both Buyers and Sellers!

deprecation-reports

Depreciation reports are a relatively new requirement for strata corporations in BC. A depreciation report, also known as a reserve fund study in other parts of Canada, is a planning tool that enables strata corporations to look into the next 30 years of the life of their buildings. It gives you a clear understanding of what the strata is responsible … Read More

Time to Review Your Strata Water Damage Deductible

Flooded Condo

The majority of strata Annual General Meetings are coming up over the next few months, so it’s the time to review your strata water damage deductible – an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation’s master building policy and if not advise their insurance Read More