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The Form B is an information certificate, it's purpose is to disclose important information to buyers and sellers about the strata lot and the strata corporation. It is very important to use the current version of any Form B as the province of BC updates these regularly. Your Strata can provide you a Form B for around $40.
- Requesting The Form B and Fees
- Preparing The Form B
- Information Disclosed
- Documents to Be Attached
An owner, purchaser or person authorized by the owner or purchaser may request a Form B. The strata corporation is required to provide the Form B: Information Certificate within 7 days of a request. The maximum a strata corporation can charge for a Form B is $35 plus up to 25 cents per page for copying including photocopying or other means of repro...
The Form B is a prescribed form available in the Strata Property Regulation and the current form must be used. The strata corporation or section is responsible for providing the Form B upon request. However, under the Strata Property Act, the strata councilis responsible for carrying out the duties of the strata corporation or section executive for...
The following information with respect to the strata corporation and the strata lot must be disclosed and be current to the date on the Form B: a. the monthly strata feespayable by the owner b. any amount that the owner owes the strata corporation (other than an amount paid into court or to the strata corporation in trust) c. any agreements by whic...
The following documents must be attached to the Form B: 1. the rulesof the strata corporation, if any 2. the current budgetof the strata corporation 3. the most recent depreciation report, if any 4. the following may be required: - agreements under which the owner has taken responsibility for expenses relating to alterations to a strata lot, common...
Jul 20, 2020 · I will start by first explaining the buying process briefly. See below a short procedure on purchasing a real estate in BC. 1. Buyer drafts agreement of purchase and sale (offer). 2. Seller reviews the purchase and sale agreement. 3. The seller counters the purchase agreement. 4.
CBABC and the BC Real Estate Association hold joint copyright over the Standard Form Contracts of Purchase and Sale and related documents. They are available free of charge to CBA members. By accessing and using these forms, the CBA member acknowledges and agrees that these forms were developed by CBABC and BCREA for the use and reproduction by ...
The BC contract of purchase and sale is an official document that contains the main aspects of the agreement between seller and buyer during the real estate purchase. This form is crucial in British Columbia. It contains information on the price of the purchase, details on the deposit, and deadlines. It also informs both parties of their duties ...
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SPA s. 59 allows the strata corporation to charge a fee for preparing a Form B and the strata may refuse to issue the certificate until the fee is paid. Regulation 4.4 sets out a maximum fee of $35 plus up to 25 cents per page for the required attachments. A self-managed strata can keep the fee but if you have a strata management company their ...
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Mar 6, 2023 · 1. Contract of Purchase and Sale. The contract used will be specific to the type of property you are buying, and you may wish to familiarize yourself with the appropriate Contract of Purchase and Sale before making an offer on your new home. Ask your real estate expert for a copy in advance to better understand it. This video is private.
