Strata Management Licensing Practice Exam · Question
Sarah, a licensed strata manager, is managing Strata Plan BCS1234 in Burnaby. An owner, Mr. Henderson, approaches her with a request to access detailed financial records of the contingency reserve fund, specifically the exact interest earned on the fund's investments over the last three years. What is Sarah's obligation regarding this request?
Under Section 36 of the Strata Property Act, an owner is entitled to inspect the records of the strata corporation, which includes financial records such as tho
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Question: Sarah, a licensed strata manager, is managing Strata Plan BCS1234 in Burnaby. An owner, Mr. Henderson, approaches her with a request to access detailed financial records of the contingency reserve fund, specifically the exact interest earned on the fund's investments over the last three years. What is Sarah's obligation regarding this request?
Answer options: ✅ She must provide the records, as owners are entitled to inspect them.
- She must refuse to provide the records, as this information is confidential.
- She must consult the strata council before releasing any financial information.
- She must only provide a summary of the interest earned, not detailed statements.
Correct answer: She must provide the records, as owners are entitled to inspect them.
Explanation: Under Section 36 of the Strata Property Act, an owner is entitled to inspect the records of the strata corporation, which includes financial records such as those related to the contingency reserve fund.
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