The Strata Property Act requires Depreciation Reports to be conducted by a “qualified person”. This leaves the required qualifications up for interpretation. What is most important is that the writer has a strong understanding of the corporation’s bylaws, agreements with owners pertaining to the repair and maintenance of common property, limited common property and strata lots.
Depreciation Reports prepared by D.R. Coell & Associates will exceed requirements under the Strata Property Act, as well as be prepared in accordance with the guidelines set out under the Real Estate Institute of Canada which is known for having the most advanced reserve fund planning (depreciation report) system in Canada, Engaging D.R. Coell & Associates to prepare your Depreciation Report will guarantee your report has been prepared by a Qualified Professional.