
Strata Council members take on many responsibilities when they agree to serve on the Council for their Multi-Family development. Perhaps the most important of those responsibilities are to ensure proper and effective maintenance of the building or buildings and to ensure appropriate funds are reserved for the replacement or refurbishment of major components of the building.
Now a product specifically designed to meet the needs of Multi-Family projects with or without home warranty coverage is available in British Columbia. The key aspects of the Maintenance Operations Program (MOP) are: the Maintenance Manual, the Commissioning Meeting and the Annual Reviews.
The Maintenance Manual is the foundation of the Maintenance Operations Program; it defines and schedules the specific maintenance requirements for your condominium. The Maintenance Manual includes:
The Maintenance Manual is a valuable source of information for strata owners and becomes a living document as it is updated by the owner’s representative and Maintenance Operations Program throughout the years.
The Commissioning Meeting is where Maintenance Operations personnel present your maintenance manual and the MOP to your strata. At this meeting the value of the Program will be explained and any questions will be answered face-to-face. Maintenance Operations personnel will outline:
The Annual Reviews allow the Owners to ensure that items requiring maintenance are identified. The reviews include:
Annual reviews will provide early knowledge of a construction or design deficiency or defect before it grows into a costly repair. A documented history of the maintenance, provided by these independent reviews, will enhance your security and provide an added benefit to prospective buyers.
The Program provides many benefits to both the owners and the Builder of a project. The MOP is a “built-in transferable asset” which is attached to the property for the term of the Program and can be transferred to future owners with the sale of the home.
Your project specific maintenance program lasts from the program commencement to the fifth anniversary inspection and follow-up. Your strata will be given the opportunity to continue with the Program for another 5 years.