Tag: Legal and Financial

Legal and Financial Update on the Whistler Real Estate Market

Legal and financial update on the Whistler real estate market, Whistler, BC blog posts will be worth following. Especially if you are a buyer and want to stay or get educated on buying in Whistler. This tag is not going to feature new listings, sold listings, or price reductions. In essence, there are pages on this site dedicated to those topics stacked with information. In addition, if you are not working with a realtor, contact Marion Anderson who will help you interpret the data.

Topics to be covered

Legal updates courtesy of the Real Estate Council of BC, and the Real Estate Association of BC.
Strata or Home Owner Association Changes.
Resort Municipality of Whistler (RMOW) news.
Mortgage news

Does Rental Property Need Special Insurance?

When you purchase a property that other people will be renting from you, either nightly or monthly, the insurance coverage needs to include loss of income coverage. Most Buyers have calculated the revenue to afford the property, so if something goes wrong, where will the funds come from to cover the loss of revenue. It’s all great until there is a problem. Whistler insurance agents are well-versed in the potential problems and are ready to offer insurance coverage.

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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.