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Insurance Crisis: First Steps
The BC Government announced today that they are taking the "first steps" needed to address the complex issues that have led to the current insurance crisis which is leaving many buildings uninsured or only insured after as much as an 800% increase. Changes proposed in...
No winners between landlords and tenants during COVID-19
“I think what people often forget in this whole thing is landlords usually have only one or two investment properties … Most of the rules to protect tenants are to protect them against the big company that has 1,000 units and if 100 of them are vacant, they are going to survive no problem.” – Greg Bickert of Inspire Property Management
Fischer & Company: Collections During COVID-19 Health Emergency
This month’s newsletter contains important advice about addressing strata fee and special levy arrears. This is an important subject for strata council’s and strata managers to be familiar. With the economic downturn and mass layoff we are all likely to encounter many owners struggling to pay their fair share of the costs to maintain the building and strata cooperation assets.
Limitation Periods Suspended During Pandemic
Limitation periods to commence court proceedings in British Columbia have been suspended, and statutory decision-makers have been provided discretion to waive, suspend or extend time periods related to their powers. This is good news for strata corporations concerned...
Province takes unprecedented steps to support COVID-19 response
The Province of British Columbia has named property management an essential service, among many other vital service sectors necessary to support and maintain food, shelter, utilities, and health for British Colombians. With this classification our clients can feel comforted…
City of Kelowna Fire Department Suspends Enforcement of Mandatory In-Suite Inspections
The City of Kelowna Fire Department announced today that they will be suspending enforcement of the statutory requirement for strata corporations and landlords to inspect and test in-suite fire safety devices. But, the Fire Department will require that if a strata or...
Clark Wilson: The COVID-19 Pandemic – Financial Issues for Strata Corporations
Like everyone else, once we have the social distancing on lock, there are a number of financial issues that come up. The three most frequent questions that have come up in the last few days are as follows: 1. How does the strata corporation pay for unexpected or large expenses like insurance premiums?…
Condominium Home Owners Association: Convening a general meeting by restricted proxy
The Condominium Home Owners Association (CHOA) released a very helpful video to explain how to convene a meeting by restricted proxy. What the video below. For more helpful resources from CHOA, visit their “What’s Happening” page here: https://www.choa.bc.ca/whats-happening/
Letter to Clients of Inspire Property Management (March 19, 2020)
March 19, 2020 Letter to Inspire Property Management Clients Re: Novel Coronavirus (Covid-19) – Cash Payments No Longer Accepted Dear valued clients, We are continuing to be proactive in our response to the rapidly evolving situation surrounding the novel...
Clark Wilson: The COVID-19 Pandemic – Advice for Strata Corporations
The COVID-19 virus has arrived. For the first time in 11 years, the World Health Organization has declared a pandemic. Multiple times a day we are being told by our governments to stay home, as much as possible. Health Canada has asked all travelers…