Depreciation Reports, made mandatory for most British Columbia strata-titled developments since December 2013, are long-term financial planning tools for use by Strata Councils, Owners and prospective buyers. The Depreciation Reports provided by SEE not only meet the requirements of the BC Strata Property Act and Regulations, but give depth and explanation to the recommended repair and maintenance program. The reports are written in plain English, readable and understandable to technical and non-technical people alike. SEE will work with your Strata Council and Property Manager to understand your building’s maintenance history and tailor a maintenance plan to meet the specific circumstances and conditions at each building.
As part of our comprehensive contingency reserve fund (CRF) planning services, we are available to meet with Strata Councils and owners to present the Depreciation Report, explain the technical background of recommended repair work, and answer questions with clarity. We have experience with every development type, from low-rise to high-rise; residential, commercial and split stratas; and complex airspace parcel developments.