A Depreciation Report is a tool, which are used to establish long term planning for common property of Strata corporations. It will help Strata to complete assets inventory, assess asset condition, define remaining service life for all assets, figure out a cost of replacement and set up cash flow strategy.

The regulation established requirements for time periods for the reports, qualifications criteria for person or team providing reports, schedules for updates, report content and rules of information / reports disclosure.

A depreciation report requires technical, financial planning, and construction and general management skills. This combination of extensive may be difficult to find in one individual. Depending on Strata complexity and size of strata corporations, this may mean the reason to delegate a preparation of the report  to team of professionals (firm, company), who has error and omission insurance,  rather than an individual.

Detail comments could be found here .

Amarkpacific CSC is ready to help Strata Corporation with Depreciation Reports.

Graphic rendering by Eugene Radvenis

from http://forums.cgarchitect.com/63815-river-green.html

Picture credit:

SAUCIER + PERROTTE ARCHITECTES

HUGHES CONDON MARLER ARCHITECTS

From http://www.publicaffairs.ubc.ca/2010/07/16/mr-10-102/

Maintenance schedule and budget better to have pre-approved for at least one year term ahead to achieve proper maintenance result, accountability and control. Long term maintenance plan is even more beneficial for Strata Corporations.

Property owner need to remember the service cost is poor indicator of service quality – cheep is generally bad, and high cost is not always means good.

By not doing proper walls or windows cleaning you, simply, accelerate process of building deterioration; make further cleaning difficult and expensive or impossible.