Strata Depreciation Reports
Strata corporations, including bare land strata corporations (e.g. “strata subdivisions”) are required to obtain depreciation reports or hold an annual 3/4 vote to exempt. Strata corporations with four or fewer lots are not required to obtain depreciation reports.
Strata corporations must repair and maintain their common property and assets. The depreciation report helps strata lot owners to plan and pay for the repair, maintenance and renewal of common property and assets over a 30 year time period.
On this website learn more about:
- The legal requirements for depreciation reports
- Practical tips for obtaining depreciation reports
- Choosing a depreciation report provider
In other Canadian provinces, depreciation reports are referred to as “reserve fund studies”.
The information on this website about strata housing is provided for the user’s convenience as a basic starting point; it is not a substitute for getting legal advice. Learn more about the site’s purpose and limits. The content on this website is periodically reviewed and updated by the Province of British Columbia as per the date noted on each page: December 12, 2016.