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Strata Corporation Depreciation Reports
Strata Corporation Depreciation Reports now available from Warranty Inspections.
In anticipation of the proposed changes to the Strata Act of British Coumbia, Warranty Inspections is now offering the preparation of DEPRECIATION REPORTS for Strata Corporations.
Known as Bill 8, when passed, this change will require Strata Corporations to "retain copies of depreciation reports and any reports relating to repair or maintenance of major items in the Strata Corporation in addition to other items under Section 35(2) of the Act."
The purpose of these proposed changes is to assist a Strata Corporation in determining the appropriate amount of the annual contribution to the CONTINGENCY RESERVE FUND.
Through our propriority software, Warranty Inspectons now provides this service to Strata Corporations, which will enable Stratas to accurately forecast the necessary annual contribution to their Contingency Reserve Fund.
We understand it is law in Alberta and with that in mind we anticipate it will be law here in the not too distant future and we have not wasted any time in developing our Depreciation Report software package.
Our Depreciation Report service is available Province wide wherein, we conduct a field inspection of the Strata's major assets and then produce a report providing you with a monthly budget for the replacement of each major asset at the end of it's lifespan.
For more information about this latest service from Warranty Inspections contact Barry Slocombe at (604) 727-7710 or warrantyinspections@
Warranty Inspections also provides an Inspection service for Strata Corporations coming up to their 2nd, 5th & 10th year anniversaries with respect to the New Home Warranty coverage.
We also provide Advocacy Service to those Strata Corporations having difficulty with the presentation of their New Home Warranty claim, up to and including representation at Mediation.
In addition we provider a Thermal Imaging Service operated by our Cerified, Manufacturer trained technicians.
Our service is available 7 days per week throughout the Province.
Warranty Inspections is dedicated to providing Professional Solutions to Strata Corporations in the areas of: New Home Warranty Claims, Inspection and Depreciation Reports.
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Experienced DEFECT RECOGNITION SPECIALIST available to assist Strata Corporations and single family dwelling owners advance their warranty claims under the New Home Warranty Act of British Columbia in a timely fashion. Advocate Service also available and now introducing our new Strata Corporaton Deprecation Report Service.