Depreciation Reports

Reserve Fund Study

In BC, a strata corporation  must prepare a depreciation report every 3 years, unless they hold an annual 3/4 vote to forego the requirement, or they have less than 5 strata lots.

Essentially this report will outline the expected expenditures for the next 30 years. 

There are no requirements regarding who must prepare this report. But they must have expertise to understand the assets of the common property and life expectancy, and provide a financial forecast.