By Sean Phillips, REALTOR®, Strand resident ·
Short answer: A Form B Information Certificate is a document from the strata corporation (usually through the property manager) that summarizes the financial and legal status of a specific strata lot and the strata as a whole. It shows the monthly strata fee, any money owing, special levies, the contingency reserve fund balance, bylaw changes and more. Every BC condo buyer should review it before removing subjects.
What a Form B shows
- The current monthly strata fee for that unit
- Any amounts the owner owes the strata
- Approved special levies and who pays them
- Proposed resolutions or special levies coming up at a meeting
- The contingency reserve fund balance
- Bylaw amendments not yet filed at the Land Title Office
- Parking stalls and storage lockers allocated to the unit
- Any lawsuits involving the strata
- Whether a depreciation report exists
- Rental information required by the Strata Property Act
Why it matters
The Form B often reveals things listings don't: a special levy that was just approved, an upcoming vote on a major project, or a legal dispute. It also confirms which parking stall and storage locker actually belong to the unit.
How to get one
The seller or their agent usually orders the Form B from the strata's property manager. As a buyer, make your offer subject to reviewing it, along with the minutes, bylaws, budget, financial statements and depreciation report.
Red flags
- A recently approved special levy, and whether the seller or buyer pays it
- A low contingency reserve fund compared with upcoming work
- Proposed resolutions for major repairs
- Litigation involving the strata
- Parking or storage that doesn't match what the listing says
Frequently asked questions
Who provides the Form B in BC?
The strata corporation provides it, usually through its property management company, on request from an owner or someone authorized by the owner.
Does the Form B show special levies?
Yes. It lists approved special levies and proposed resolutions, which is one of the main reasons buyers review it.
Is the Form B enough on its own?
No. Review it together with the minutes, bylaws, budget, financial statements and depreciation report for a full picture.
More guides to Okanagan Landing and The Strand
- What Is a Strata Depreciation Report in BC and Why Does It Matter?
- How to Buy a Waterfront Condo in Vernon, BC: A Step-by-Step Guide
- Do You Need a Home Inspection for a Condo in BC?
- The Strand Lakeside FAQ: 50 questions answered
Have a question about waterfront living in Vernon?
I'm Sean Phillips, a REALTOR® with Coldwell Banker Executives Realty. I live at The Strand in Okanagan Landing and specialise in Vernon-area waterfront condos. For current listings and recent sales, visit 7343okanaganlanding.ca.
Text Sean: 778-363-0542
Call or text Sarah, my 24/7 info line: 604-227-4810
This article is general information as of fall 2026, not legal, tax or financial advice. Rules, fees and conditions change, so always confirm details with the appropriate professional or authority before making a decision.
General information only, not legal, tax or financial advice. Confirm details for your situation with the appropriate professional.
