Disclosure Documents / Depreciation Reports
Meets the Strata Property Act (SPA) of BC requirements.
Canadian Strata Fund Track provides Depreciation Reports as part of its full suite of services to its clients. Report documents meet the requirements of the Strata Property Act (SPA) of British Columbia. The reports are valid for 3 years based upon the time elapsed since the most recent full inspection (see Predictive Site Analysis) completed on the Strata site and buildings. This time frame is a feature of SPA legislation in British Columbia and is intended to maintain the integrity of the disclosure document, as physical properties can be and are affected by weather, age, wear, tear and maintenance levels as years go by.
The reports are provided at no additional cost as is our capacity to update those reports as approved AGM or SGM results are provided, or we are notified of significant upgrade, renewal or insurance rebuild events.
Please visit the BC Government's Strata Depreciation Report Requirements for further information on requirements.
Exceeding Legislative Requirements
Canadian SFTS Depreciation reports exceed legislative requirements in a number of ways including:
- Extrapolated provision of budget details for Strata operations for the reserve period (in addition to requisite renewal data), thereby providing greater flexibility and clarity to Strata as it works through long-term funding model decisions.
- Reports, documents and related files are maintained on a cloud based software program, providing 24/7 access to authorized strata members and managers.
- Real time ability to adjust to changing circumstances and market or building events without additional cost.