What services does Cornerstone Park Realty Strata Management provide?

Financial Record keeping and Accounting

Our Bookkeepers provide a set of monthly financial statements and take care of your accounts payables, accounts receivables and include monthly bank reconciliations that correspond with your Bank account. Our clients can expect to review these statements each month to ensure nothing is paid until reviewed by council.

Tax Returns and WCB

Cornerstone Park Realty will prepare and submit annually a T-2 taxation form on behalf of the strata to Canada Revenue Agency as required. Cornerstone Park Realty also prepare and submit all documentation required by WorkSafe BC.

Fee Statement Collection

Our Accounting department send out monthly statements to Owners who are in arrears and when required will oversee the collections and lien placements on delinquent strata management fees.

Strata Management Budgeting and Financial Planning

Strata Managers will schedule a Pre/AGM meeting with Council members to assist in planning for the proposed annual budget and will discuss the monthly expenses as well as any capital costs planned for the fiscal year. The prebudget meeting will also look at any upcoming repairs and Contingency reserve Account planning.

Strata Council Member Communications

We communicate with our strata council members to assist them in dealing with the day-to-day communications councils typically deal with involving owners and contractors. We help navigate conflicts between owners by assisting council in correctly applying the corporation’s bylaws to solve problems with timely correspondence. We assist councils with contractors to make sure they provide the service the council are looking for.

Council Meetings, AGM Meetings And Special General Meetings

The Strata Manager can assist in the preparation of council meeting agendas and AGM/SGM meeting documents, attendance at these meetings (may vary with individual contracts). The Strata manager will assist in the distribution of council minutes as well as assisting when required taking minutes. Rest assured our managers will happily chair your AGM or SGM.

Property Management Emergency Service

Cornerstone Park Realty Strata Management provides 24/7 emergency service for all strata corporations and Owners, with timely follow-up on emergencies with the Strata Council, homeowner, insurance company, and trades people, as required. Our partnered emergency response teams can quickly assist in mitigation of water, fire and flood loss and liaise with homeowners to help wherever possible.

Property Repairs and Maintenance Management

Property repairs and maintenance are an important part of a Strata councils Job, we source the right contractors for the job. Roofing, gutter cleaning, window and building wash, moss control, line painting, pressure washing, parkade sweeping, drain stack cleaning, building entry janitorial services, weekly landscaping contractors... The list is endless. Council and your strata manager can put together a maintenance plan that puts a game plan together to make sure your building stands out from the rest.

Insurance and Appraisals

Strata Property Managers assist the Council in the review and the coordination of annual insurance appraisals and insurance renewals, insurance claims, are managed effectively to ensure council are informed of available options.

Record Keeping and Legal Services

Cornerstone Park Realty maintains the strata corporations’ files and records, we ensure that when required realtors, lawyers and mortgage brokers receive timely response to requests for corporation records.

Bylaw Review and Amendments

Strata Managers assist Council with bylaw amendments and changes, and the enforcement of bylaws and rules, as directed.

Central Records Office

Cornerstone Park Realty will provide a central records office for all administration and financial files, as well as Land Title and legal documents.

Timely Correspondence

Cornerstone Park Realty will deal with your correspondence in a timely manner, weed control notices, landscaping and trade on site notices as well as Warning and fine letters will be created, record and sent as requested by council.