Reviewing Strata Documents Before You Buy in BC

If you're buying a condo, townhome, or strata-titled property in BC, reviewing the strata documents is one of the most critical steps before removing your subject conditions. These documents give insight into the financial health, rules, maintenance plans, and potential red flags in the building.

📄 Key Strata Documents to Review

• Form B (Information Certificate): Includes monthly fees, strata insurance, and special levies.
• Strata Meeting Minutes (6–24 months): Shows disputes, repairs, or upcoming issues.
• Depreciation Report: An engineering report detailing expected future maintenance and cost planning.
• Financial Statements: Shows the current reserve fund, operating budget, and potential deficits.
• Strata Bylaws and Rules: Covers pets, rentals, noise, smoking, parking, and renovations.
• Insurance Certificate: Confirms coverage, deductibles, and gaps that could affect buyers.

⚠️ What to Watch Out For

Watch for ongoing legal disputes, underfunded contingency reserves, repeated complaints from owners, or notices of upcoming special levies. These may signal higher financial risk or operational problems within the strata.

🧑‍💼 Need Help Interpreting Strata Documents?

Your REALTOR® should guide you through these documents and can refer you to legal or strata experts for in-depth analysis. Never skip this review — it can reveal thousands in future costs or deal-breaking conditions.

Note: This page provides general educational content. Consult your legal or real estate professional for specific guidance on any strata purchase.