Registered Reserve Fund Analyst, Lloyd Kenzle explains how BC's Strata Act will work and what you can expect from it... BC's Strata Law Act has been introduced gracefully and here is what you can expect and how it will actually impact the marketplace. Here are some of the top reasons and the design behind the way…
Contingency Reserve Fund
Lloyd Kenzle Says Strata Law Act to Spread Across Property Types
TagsContingency Reserve Fund, Home Maintenance, Spring Home MaintenanceWhile the Strata Act only covers strata complexes, condominiums and other communal housing arrangements, regulations governing all condo complexes and strata-type properties across BC -- with a few exceptions -- are probably have an impact on many other areas of the economy and industry. Particularly, in how new regulations are designed and then deployed. A…
The Importance of Contingency Reserve Funds
TagsAvoiding Costly Home Repairs, Contingency Fund Reports, Contingency Reserve FundNew legislation requiring all strata councils to prepare reserve fund reports by licensed reserve fund analysts is well in effect. What are reserve fund reports? Reserve fund reports, also known as contingency fund reports, are the 30 year reports planning the maintenance and renewal costs for a strata complex. What are the reserve fund reports…
C4U Inpections Uncovers Shocking Deck Inspection Report Faults
TagsContingency Reserve Fund, Home Maintenance, SafetyC4U Inspections was recently called to give a second certified inspection report by clients because they were unsatisfied with their previous inspector's report on the condition of a home's outdoor decking. Poor and dangerous deck flooring repairs (left) - Extremely dangerous Watermarks meaning leaking roof (centre) - Indicator of problems Watermarks around electricity outlets (right)…