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Hot Topic for Strata Home Owners, Sellers & Buyers! Depreciation Reports: Time is Running Out...December 13, 2013 is the big deadline for strata corporations.

Hot Topic!! Depreciation Reports: Time is Running Out...December 13, 2013 is the big deadline for strata corporations.

December 13, 2013 is the big deadline for strata corporations. By that day, all BC strata properties with five or moreunits must have either:

· completed a common-property depreciation report, or

· voted to waive the requirement under the Strata Property Act

So what exactly does a depreciation report mean if you’re a strata owner? And what are the implications if a report isn’t filed?

To find out, REW.ca interviewed Tony Gioventu, Executive Director of the Condominium Home Owners’Association of BC. CHOA is a non-profit association that provides advisory services, education, resources, and support for its members and stratas throughout BC.


Read More:
http://www.rew.ca/news/depreciation-report-means

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