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Form
B Information Certificate |
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| The Form B Information Certificate is a form required to be issued by a strata corporation pursuant to section 59 of the Strata Property Act. It must be issued within one week of a request by an owner, a purchaser or a person authorized by an owner or purchaser. The purpose of the Form B is to disclose a variety of information about the financial and other affairs of the strata corporation and the particular strata lot to which it relates. The Form B is typically requested by a prospective purchaser of a strata lot as part of the due diligence process, or by a lender before agreeing to advance a loan to the owner. | ||