What is the Strata Form B?
The strata Form B is a financial and legal snapshot taken on a specific date and covers a specific strata lot, and the strata corporation. When the strata documents are requested the Form B is prepared by the strata manager. It is then signed off by the strata management company, i.e. the company hired to manage the building and land. It can also be signed by a director of the strata council, i.e. the group of owners elected to represent all the owners and liaise with the strata management company. It is essential to receive a current Form B as part of the subject conditions.
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