Form B Information Certificate
A Form B Information Certificate discloses fees, levies, and financial details of a BC strata lot, essential for buyers and lenders.
September 30, 2025
What is a Form B Information Certificate?
A Form B Information Certificate is a standardized document issued by a strata corporation in British Columbia. It provides essential details about a specific strata lot, including monthly strata fees, special levies, insurance coverage, and the financial health of the corporation.
Why Form B Information Certificates Matter in Real Estate
Form B matters in real estate because it gives buyers and lenders transparency into the financial obligations and risks associated with purchasing a strata property. It is often a required disclosure document in BC strata transactions.
Example of a Form B Information Certificate in Action
Before finalizing the purchase of a condo in Vancouver, a buyer’s lawyer reviews the Form B certificate to confirm the strata fees, pending special assessments, and insurance coverage.
Key Takeaways
- Provides key financial and insurance details for a strata lot.
- Discloses monthly fees, levies, and reserve balances.
- Mandatory disclosure document in BC condo sales.
- Helps buyers and lenders assess risks.
- Issued by the strata corporation on request.
Related Terms
- Strata Property Act
- Status Certificate
- Condominium Corporation
- Special Assessment
- Reserve Fund Study
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