Are Strata Corporations Required by Law to have Roofing Depreciation Reports?

Yes, strata corporations in British Columbia are governed by the Strata Property Act, which establishes the regulatory framework for these reports. Under this Act, strata corporations are required to have a depreciation report (or a formal waiving resolution) to forecast the replacement of major components, such as the roof, and to determine appropriate contributions to the Contingency Reserve Fund (CRF).

While we do not replace the formal report prepared by your qualified professional, we provide the essential physical data needed to make those reports accurate. Our process includes:

• Detailed Condition Assessments: We document the roofing assemblies, estimate the remaining service life, and project future replacement costs.
• Professional Inspections: Our certified team performs thorough onsite assessments, including a flat roof drainage inspection, membrane reviews (TPO, EPDM, or torch-on), and evaluations of flashings and penetrations.
• Photo-Documented Findings: We deliver transparent findings and high-resolution images that serve as vital inputs for your strata’s formal depreciation reporting.

Regular strata roofing maintenance in BC is critical for ensuring your building’s financial health and avoiding surprise special levies. By keeping accurate data on your roof’s health, your strata council can ensure the replacement costs projected in your depreciation report align with reality.

We’re Ready To Help you prepare for your next reporting cycle. Claim your complimentary roof inspection today to obtain the transparent data your property manager needs for sound reserve fund planning.

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