Date of Report

26/02/2025

Intended Client

Shubh Global Sourcing Ltd.
Address

Thank you for providing StrataReview.ca, the opportunity to assist you with your Strata Documents Review. Our objective is to simplify the often complex strata documents, making them easier to understand.

The purpose of this review is to evaluate important key aspects of strata property documents, including financial and operational factors, thereby helping potential clients with a clear understanding. It involves a brief analysis of key documents, including the strata bylaws, financial statements, meeting minutes, and strata insurance policies.

The strata documents review might help identify and uncover potential concerns, enabling and empowering the potential clients to make more informed decision.

Please note:

  • The contents of the report, excluding the original documents, are intended solely for the use and benefit of the intended clients named within it. We accept no responsibility or liability to any third party who relies on the report, in whole or in part.
  • The contents of the report are accurate as of the date of this report and may be subject to change at any time.
  • The information provided in the report is based solely on the documentation provided which may include (but are not limited to) Form B, bylaws, financial statements, depreciation reports, insurance certificates, and strata plans.
  • It is advised that the intended clients review all strata documents in full and consult with appropriate professionals where necessary.

Placeholder

  • The report does not intend to include and summarize all essential, necessary, and fundamental information. It does not constitute a full investigation into the physical, legal, or financial condition of strata property or strata corporation.
  • While every effort is made to ensure accuracy, we do not warrant that the information provided in the report will be free from error or omissions.
  • Report does not include physical visit to the site.
  • We don’t provide opinions on real estate transactions & legal, engineering or financial advice.
  • We are not responsible for any direct, indirect, incidental, or consequential damages arising from the use of the report. Our liability, in any case, is strictly limited to the total fees received for preparing the report.
  • We are not responsible for any direct or indirect damages arising from the use of the report.
  • The report is provided for general information purposes only.
  • The contents of the report should not be copied, reproduced, distributed, altered, or used for commercial purposes without prior written consent.
  • By proceeding with ordering the report, you acknowledge and agree to these limitations.   We are here to illuminate the complex path of reviewing strata documentation, but the ultimate responsibility for your decisions rests with you.

If you have any questions, we’re more than happy to provide further clarification to the best of our knowledge.

Regards

Sahil Gupta

Strata Document Review Advisor  

Experienced Strata Professional

Placeholder

Primary Insights

Forms B
22/03/2025
Building Name
Aura
Unit number
405
Strata Lot number
78
Address
10788 – 139th Street, Surrey, BC
Strata Plan number
BCS2120
Parking Stall Number
93, 94 as limited common property
(Remarks)
As per strata plan, it is common property, may be allocated by owner developer assignment
Storage Locker number
65 as limited common property
(Remarks)
As per strata plan, it is common property, may be allocated by owner developer assignment
Last Annual General Meeting
07/02/2024
Last Council Meeting
08/01/2025

Highlights

Strata Management Company
Leonis Management
admin@leonismgmt.com
www.leonismgmt.com
Strata Fees
$563.88
Unit Entitlement
83/4995 (1.161%)
Alterations
Yes
New Flooring as on 27.10.2021
Special Levy
$373.87, to be paid on 4 Jan
For Intercom
Potential Future Levies (may or may not be applied)
On average 18$ per month, for 66 months
For repair leaks in building plumbing system

Strata Insurance

Insurance Broker
Hub International
Insured Period
December 4, 2023 to December 4, 2024
Insured Value
$19,906,000

Key Deductibles

Water
$50,000
Sewer Back up
$50,000
Earthquake
15% (Minimum $250,000)
Flood
$50,000

Financials

Fiscal Year
January – December
Last Financial Period
January 2023 – December 2023
Operating Expenses
$401,843
Operating Surplus /Deficit
$41,207
CRF balance (Contingency Reserve Fund)
$298,815.31
Operating Cash
$16,663.27
Current Budgeted Period
January 2024 – December 2024
Operating Expenses
$407,079
CRF balance (Contingency Reserve Fund)
$345,345
Analysis
Operating Expense increased by 1.3%.
Current budgeted contribution to CRF is 12.87% of operating expenses compared to minimum requirement of 10%

Depriciation Report

Date
19/01/2021
Construction year
2005

Potential Future Expenditures

Vinyl Membrane
Water Proofing material for balconies

Bylaws & Rules key points

Pets
2 Dogs allowed
Moving Fees
200
Alterations
Council approval required
Smoking
No smoking allowed
Fines
$200 maximum for bylaw violation

Additional Comments

Something extra
Extra