Strata Property Management

South Island Property Management Ltd. offers a diverse and wide range of services that enables us to expertly manage the needs of your strata corporation. Prices for management of your Strata Corporation will be based on a number of factors. Please contact Robert Pearson or call 250-595-6680 for a quote customized for your needs.  Some of the major services we offer are as follows:

• Compilation of Monthly and Annual Financial Reports
• Collection of maintenance fees and special assessments, deposited into a separate trust account for your strata corporation
• Enforcement of by-laws as directed by the strata council
• On-Site inspections by your assigned Property Manager
• Arrange for inspections and/or repairs by qualified contractors
• Documentation of any problems that the manager has been made aware of; suggestions and recommendations that are appropriate
• Correspondence with the ownership, with a copy of every letter also sent to the Strata Council President
• Interpretation of the Strata Property Act and bylaws (as guidance only, we cannot provide legal advice)
• As directed by council, levy fines and liens against delinquent owners, in accordance with the by-laws; provide follow up correspondence and initial legal action as necessary
• Provide annual budget projections prior to the Annual General Meeting
• Attend Council, Annual General and Special General Meetings, to assist with procedures and record minutes
• Ensure payment of regular monthly maintenance fees and special levies as agreed upon by the ownership and/or Strata Council
• Maintain a list of owners, their contact numbers and emergency information
• Secure off-site backup for all accounting files
• Provide strata documentation as required by the Strata Property Act
• Emergency response services, 24 hours a day, seven days a week, including arranging for restoration services and any other contractors/trades people as required
• Receive, screen and approve all invoices for payment; pay all accounts on behalf of the Strata Corporation, and render monthly accounting to the Strata Council (Receipts and Disbursements), including a statement of Contingency Reserve funds - within twenty (20) days of month-end
• Maintain all books, records and files of the Strata Corporation as required by the Strata Property Act and the Real Estate Services Act
• Provide payroll accounting as necessary, including T-4 and T-4A summaries, Workers' Compensation Board forms, etc. on behalf of the Strata Corporation
• Render services in connection with the processing of strata lot sales, including Form F’s and B’s