A useful strata review triangulates the Form B, bylaws, financial statements, budget, insurance, depreciation report, and meeting minutes. No single document is a complete risk assessment.
Decision points
- 01
Confirm the documents are current and belong to the correct strata lot.
- 02
Track inconsistencies across records.
- 03
Escalate legal, building, insurance, and lending questions to the appropriate professional.
Core request
Request the current Form B and attachments, registered strata plan, bylaws and rules, operating budget, recent financial statements, contingency reserve balance, depreciation report, insurance summary, and at least two years of council and general-meeting minutes where available.
- Form B and attachments
- Bylaws, rules, and strata plan
- Budget, statements, and CRF
- Depreciation and engineering reports
- Insurance and meeting minutes
Build an issue ledger
For each issue, record the source document and date, what is known, what is missing, a possible cost or timing range, and the professional question required. This is more reliable than labelling a building simply good or bad.
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