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Office [250] 590 – 8040 Fax [250] 727 -0193
Email: info@phunghorwood.com
Mailing Address
1161 Fort Street,
Victoria B.C. V8V 3K9

Real Estate Appraisers & Consultants*

Who Needs a Depreciation Report (Reserve Fund Study)?

waterIn compliance with the British Columbia Strata Property Act, any Strata corporation with 5 or more units must have a Depreciation Report completed by December 14, 2013.  A Strata corporation may waive the requirement for a depreciation report by a 75% (¾ ) vote, which is valid for a period of 18 months.

A Depreciation Report (Reserve Fund Study) must be obtained every 3 years.