Quote:
Originally Posted by Traum
^^ Come to think of it, it might have been the depreciation report or deficiency report that has become mandatory.
At any rate, a responsible strata council together with the help of a good property management company is what you want to look for when condo / town house shopping. Of course, too few people bother to look into this, and at times, it is difficult to tell whether the property management company is any good.
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it is mandatory, but you can vote on a majority to defer the report until the next year. And when next year comes, you can vote to defer it again I believe.
I really don't know why council members encourage voting to defer. I have a friend who does property inspections and he tells me if you are deferring, you are usually hiding something.
if you are in a well run building, you would have the report and show it off indicating that you are in great shape.