What is a depreciation report?
A depreciation report is a key management tool for stratas. It helps the owners in a strata corporation plan and pay for the repair, replacement and renewal of common property and assets such as a roof, windows, elevators, roads, utilities and other items.
What types of properties will find a depreciation report/Reserve fund study useful?
Stratas, co-operative housing, churches, commercial buildings, privately owned apartment blocks.
How often to we need to update our depreciation report?
Stratas are required by legislation to update their report every three years.