ore than half a million strata owners and residents will have an opportunity to shape new provincial regulations that improve accountability within strata corporations through a public consultation launched this week.
The new rules are expected to be in place by fall 2011 and will help protect strata owners by requiring strata corporations to provide:
Audited annual financial statements.
Depreciation reports to help strata corporations plan for future maintenance costs.
Better disclosure for purchasers regarding the parking and storage that come with the strata unit.
Close to 1,000 strata owners have already pre-registered for the survey. A second public consultation concerning better ways to resolve disputes that inevitably arise in stratas is scheduled to take place later in 2011.
The survey will be available until March 7 at 4:30 p.m. and can be
accessed directly at:
https://securesurveys.gov.bc.ca/welcomeALL.pl?SURVEYNAME=stratasurvey1
For more information on the survey and strata corporations, please visit:
http://www.housing.gov.bc.ca/housing/strata.htm.
