The Strata Documents Subject Clause

There’s a lot to go over when it comes to the Contract of Purchase and Sale. One thing that should not be overlooked is a subject clause giving buyers the opportunity to review all the strata documents.

While the BCFSA Knowledge Base has a “Receipt of strata documentation” standard clause, it may be useful to tailor this, to ensure all the relevant documents are provided. As an example, the BCFSA “Receipt of strata documentation” clause does not reference all of the documents we recommend you obtain, as listed in our Strata Documents Checklist.

It’s also important to ensure that the date to receive the documents is earlier than the date to remove the subjects, giving you and your clients plenty of time to review all the documents and ask questions.