Understanding:

• The insurance requirements of the Act for strata corporations, sections, owners, landlords and tenants.
• What the strata corporation must insure: common property, fixtures, assets.
• The minimum coverage for perils such as fire, flood, water escape, and the optional perils such as Director and Officer coverage and earthquake claims.
• The requirements and options of insurance for commercial strata lots, sections, joint use facilities and Air Space Parcels.
• How to determine when a claim is filed on the strata corporation insurance.
• How to determine if an owner is responsible for a strata corporation deductible if a claim is filed.
• If the amount of the damages is below the deductible of the corporation, who pays and who is responsible for the claims.
• The importance of communication and information for home owners and landlords buying insurance.

• Properly calculating strata fees and special levies.
• Creating a monthly receivables report to segregate all expenses for collections procedures and the council decision making process for managing collections, including; 1.Bylaw enforcement, 2.  Damages, 3. Insurance deductibles, 4. Work Orders
• The sequence of collecting fines, penalties, user fees, damages and insurance deductibles through the CRT and how to register the debts for collection.
• Options for collecting unpaid fees, penalties and costs.
• Demand notice of payment.
• Understanding the difference between charges that may result in a lien or those that require a decision from the CRT or the courts.
• When to seek legal assistance.
• Using the Form F Payment Certificate for collections and how debts may be applied.

Understanding:

• How common expenses are calculated and applying the Schedule of Unit Entitlement.
• How the annual operating budget is developed and proposed for the Annual
  General Meeting.
• How a budget may be amended by majority vote at the Annual General Meeting.
• How a strata corporation determines CRF contributions.
• How a Special Levy is approved for specified projects.
  • The requirements of the Act to meet the conditions for an enforceable special levy
  approved by ¾ vote at a general meeting.
• How an insurance deductible is issued by council without the need for a ¾ vote.
• How each fund is accounted for and reported as part of the Annual General Meeting.
• How the strata corporation establishes investments for reserve funds or special levies and the proceeds of interest.
• The annual taxation reporting
  requirements.

There are currently no “Lunch and Learn Live with CHOA” webinars planned