Owner Developer Proposal | Inspire Property Management Ltd.

Consultation for Owner Developer

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Pre-approved

yes

Thank you for your request for proposal from Inspire Property Management Ltd. ("Inspire"). If you have not spoken to one of our staff and found this page by other means, please contact us first before submitting your information; we may not be able to offer our services and do not want to disappoint.

Please confirm the details of the project below and agree to the terms of service. We will confirm acceptance of the contract shortly thereafter.

Owner Developer's Information

Please confirm the name, address and other information for the Owner Developer of the proposed strata development. If the project will be developed under a numbered or holding company created for the project, provide that company name.

Owner Developer*

Legal name of the owner developer for the proposed strata development.

Owner Developer Address*

Street Address Address Line 2 City Province Postal Code

Primary Contact*

Phone*

Email*

Proposed Project Information

Please confirm the address and other information about the proposed development. Please note that our proposed fees may take into account the type of buildings, number of phases, and number of units.

Name of Proposed Project*

Project Address*

Street Address Address Line 2 City Province Postal Code

Phases

Please indicate the number of phases that will be included in this development.

Developments under the Strata Property Act

If the phases under Part 13 of Strata Property Act and phases for marketing purposes are different, please specify the Part 13 phases only.

For example: several 4-plex townhomes may be grouped together and marketed as "Phase 1" of of a development. But, the developer may plan for each of those 4-plexes to be a separate phase under Part 13 of the Strata Property Act- usually for financial, risk abatement or other business reasons.

Because each phase requires a separate interim budget, the number of phases will affect the cost of our service.

Development under Societies Act, or other

If the development will be a society or other type of association under the Societies Act, Business Corporations Act, or other legislation, please indicate the phases for which a separate budget is required. For example, a developer for a society will typically consider each building a separate phase to avoid paying strata fees on unfinished buildings. However, the constitution and bylaws in such developments will be the guiding documents to determine when fees are payable, regardless of phasing.

Phases

Important Dates

Please indicate the estimated dates that each of the following events are anticipated to occur.

Marketing of development*

First conveyance or occupancy*

Deposit of final phase*

Type of Construction & Units

Select all that apply

Apartment Style Units*

yes

Apartment Units*

Townhouse Style Units*

yes

Townhouse Units*

Commercial Style Units*

yes

Commercial Units*

Bare Land Style Units*

yes

Bare Land Units*

Total Units

Amenities

Please describe any amenities for the proposed development. Some amenities like meeting rooms may have marginal effect on the interim budget and no effect on the cost of our service. Other amenities, such as pools, saunas, hot tubs, and gyms, may require additional research to estimate operating costs for the interim budget, and therefore may affect the cost of our service.

Other Information

Please provide any other information that you believe may be relevent to the interim budget for this project. For example, is there an Electric Vehicle charging plan, will the garbage bins be roll-up or partially underground bins (i.e. Molok), etc.

We will correspond with you about the project to get more details. So, do not feel like you must fully describe the project. But, whatever information you can share up front will assist us in planning for this budget.

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Agreement Option

Option 1

Option 2

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Agreement Price

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Agreement Discount

Proposal

Inspire Property Management Ltd. ("Inspire") proposes to provide limited consultation services for and to the benefit of the proposed strata corporation or society, including assistance on the following matters:

preparation of an interim budget based on the developer's input and projected costs for maintenance of the common property;
consult with the developer about building elements that will be used exclusively by the owners of a strata lot or unit, such as balconies, patios, driveways, in-suite elevators, etc., and provide feedback about whether these components should be labelled part of strata a lot or unit, or as limited common or common property to meet the developer's goals for the use and maintenance of these components;
review and suggest improvements to the draft Owner Developer's Notice of Different Bylaws or constitution and bylaws, taking into consideration the developer's goals for use and maintenance of exclusive use building elements, administration of the strata corporation or society, and marketing of the development;
consult with the developer about the Rental Disclosure statement and the impact that the rental expiry may have on future owners;
advise the owner developer about their requirements to hold the first annual general meeting within the prescribed period and assist in calling such meeting to avoid penalties that may apply if the meeting is not held on time.

Inspire will manage property

A discount is offered if the owner developer agrees to enter into a written agreement with Inspire Property Management to provide services to the strata corporation or society.

yes

Fees

The Owner Developer agrees to pay a fixed fee in advance and in the amount of the Discounted Fee stated below, plus tax, provided the Owner Developer agrees to enter into a written agreement with Inspire on behalf of the strata corporation following the deposit of the strata plan, or first phase of the strata plan, of the subject development (i.e. the reason for the discount). It is understood that Inspire may be required to provide up to 10 hours of general consultation services in order to meet the above offered services.

If the Owner Developer does not execute a written agreement with Inspire on behalf of the strata corporation before the first conveyance of a strata lot to a purchaser, then the Owner Developer understands and agrees to pay an additional fee in the amount of the Discount stated below, plus tax, within two weeks of the date of the first conveyance to a purchaser, unless such agreement is executed before that date.

Fees

The Owner developer agrees to pay a fixed fee in advance and in the amount of the Fee stated below, plus tax. It is understood that Inspire may be required to provide up to 10 hours of general consultation services in order to meet the above offered services.

Fee

(The flat fee before any conditional discount that may apply)

Discount

Amount discounted from our flat fee as a condition of awarding the strata management services agreement to Inspire

=

Discounted Fee

The flat fee after discount given as a condition of awarding the strata management services agreement to Inspire

This is not an agreement

Inspire will confirm its formal offer of services after reviewing the information contained herein. A contract for signature by both parties will be delivered by email.

That's it for now

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Acknowledgement that Inspire is not Agent of Owner Developer

The Owner Developer acknowledges and agrees that Inspire Property Management ("Inspire") will not act as the agent of the Owner Developer. Inspire will act as the agent of the strata corporation. As such, the Owner Developer should be aware that Inspire will have a duty of undivided loyalty to the strata corporation, and not the owner developer. If a conflict arises between the strata corporation and the Owner Developer, Inspire will act on behalf of the strata corporation only. For further clarity, at no time will Inspire or its employees be working for or contracting to the Owner Developer directly. Any services provided will be considered services given to the strata corporation. Advice given to the Owner Developer will be given in the Owner Developer’s role as the strata council, or proposed future strata council, for the strata corporation. Notwithstanding the foregoing, Inspire will make reasonable efforts to ensure that the Owner Developer is aware of its obligations to the strata corporation, especially to avoid future conflicts between the strata corporation and the Owner Developer. It is in the best interest of the strata corporation that good relations are maintained between its owners and the Owner Developer.

The Owner Developer understands and agrees that the discount offered herein is conditional, and the Owner Developer must enter into a written agreement with Inspire on behalf of the strata corporation on or by the first conveyance of a strata lot to a purchaser. If a written agreement is not entered into as described above, the Owner Developer agrees to pay to Inspire a fee in the amount described above, plus tax, for services rendered as described herein. This expense, if applicable, will be considered an expense of the now proposed strata corporation. But the expense, if applicable, will accrue in the period prior to the 1st day of the month following the first conveyance of a strata lot to a purchaser occurs, and must therefore be paid by the Owner Developer in accordance with Section 7 of the Strata Property Act.

Agreement by {Addressee:2}

I am an authorized representative of {Owner Developer:2} and can bind the company to this agreement. On behalf of {Owner Developer:2} I herby accept and agree to the terms of this proposal.

{Owner Developer:2}, per:

Name: {Primary Contact:10}

Date

Agreement by Inspire Property Management Ltd.

I am an authorized representative of Inspire Property Management and can bind the company this this agreement. On behalf of Inspire Property Management I herby accept and agree to the terms of this proposal.

Inspire Property Management Ltd., per:

Name:

Date

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