What is StrataPress? StrataPress is a free one-stop solution for Strata Corporations. It provides Property Managers, REALTORS®, Lawyers, and Notaries with a streamlined online document management and communication platform. StrataPress is a quick and efficient method to order, manage, sell, and receive strata documents for free, and provides strata complexes with the right tools to
There are many property management companies to choose from in the Lower Mainland, and no two companies are alike. Selecting a company experienced in real estate and property management is highly beneficial. CENTURY 21 Prudential Estates (RMD) Ltd. offers a wide range of services for all your real estate needs. Their team has
Managing a rental property or strata building is no easy task. It involves a unique set of skills, takes a lot of commitment, and requires real estate, rental, and strata industry expertise, knowledge of building maintenance and systems, and familiarity with finances and budgeting. Property management is beneficial for rental properties and strata buildings. A
A Strata Property Manager and Rental Property Manager both assist with overseeing and managing real estate properties. Although they may appear to be very similar, they differ in a variety of ways. Whether you are a homeowner, renter, property investor, or Strata Corporation, it is key to understand the difference between the two roles. Strata
Rising insurance premiums and deductibles have been top of mind for many Strata Corporations and condo owners across BC. According to the B.C. Financial Services Authority (BCFSA), the recent hikes in insurance premiums are due to lack of capacity (ex. reduced supply, fewer insurers, and increased demand – more properties), severe weather, increasing property values,
As of December 20, 2021, virtual General Meetings (Annual General Meetings (AGMs) and Special General Meetings (SGMs)) for Strata Corporations in BC were extended until December 31, 2022, without the need for the Strata to have a bylaw in place. Although virtual strata meetings have been the new normal in the strata management industry for
Whether you currently live in a Strata Corporation (condo, townhouse, or a stratified complex) or are looking to purchase a home in one, it is important to understand how Strata Corporations operate and learn some basic terminology. Common Property (CP) and Limited Common Property (LCP) affects who has access to the property and who
What is a Pre-Sale (or New Construction)? New homes sold before or during construction by a company or Developer are considered new construction or pre-sales. Pre-sales are a great option for investors or buyers with time on their side. Upon signing the contract of purchase and sale, a deposit (5-20% of the purchase price) is
A sectioned strata corporation is designed to separate a building with different uses and components. They are commonly grouped into two categories: residential and commercial sections. There are also strata corporations that consist of both sections (residential and commercial) where the strata corporation is responsible for maintaining the common area shared by both the residential
When it comes to hiring a Strata Management company, it is important for your Strata Corporation to consider their needs and the level of service required such as: number of meetings held annually, maintenance requirements, and the balance between the Strata’s budget and the services needed. Other factors to take into consideration are building size
