Who Can Author a Depreciation Report

May 1, 2020
The Strata Property Act does not designate which professions can or cannot prepare a depreciation report. For a person (or company) to be able to author a depreciation report they are required to have knowledge and expertise to:
-         Understand the scope and complexity of the strata corporation’s common property and common assets
-         Understand the individual components
-         Understand the strata corporation’s bylaws and any agreements entered into with owners regarding common property and common assets
-         Prepare a depreciation report consistent with regulations including a physical component inventory and evaluation

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