Nearly a quarter of Vancouver Island property owners face a new government regulatory requirement for a depreciation report.
Depreciation reports provide a plan and budget for strata properties to deal with major repairs or replacement of the “systems” the owners share.
A strata corporation must complete the report before the end of 2013, or have owners vote to opt out.
To help owners understand and implement depreciation reports, Vancouver Island Strata Owners Association assembled a panel of experts who will speak at a seminar on Sunday (Sept. 9), 1 p.m., at Beban Park social centre. Attendees must pre-register by Thursday (Sept. 6) by e-mailing firstname.lastname@example.org or call 1-877-338-4762.