So, wehere we left off was my client and i not getting a property on a multiple offer, which i didnt' care so much because there were unauthorized renovations to the unit, which was disclosed on a material latent defect disclosure. The MLD included that the strata knew about it.
So, a few days later, i got a call from the realtor saying that the accepted offer didn't go through and wanted to see if i was back on the table.
Unfortunately, we already involved another deal and we we were in the middle of subject removal.
And yes, my client did like the first property better so i know its going to be a matter of time my client will be wondering what the status of that is, even though we had an accepted offer on the table with another property.
Now, upon the discussion, she brought her concerns about a form i asked her client to sign. It gave me authorization to contact strata to find out if they really knew about these renovations, just like its stated in the disclosure.
And she mentioned that it would be a risk to her client if it was signed, and that, unfortunately, is true, because i could potentially open up a can of worms as i'm performing my due diligence.
She also said, strata council members knew about the renos and never said a thing.
Unfortunately, that answer isn't really good enough for me and my client. Strata members knowing about the unauthorized renovations does not equate to the strata management having knowledge of them. It's not common for strata council members to come and go, so it will only be a matter of time these unauthorized renos can be an issue.
This unit had a wall taken down, and pot lighting that required electrical to run through the ceiling. Not that the renovations itself were't savvy, but this is definitely something that you want strata to have a record of.
So, why is it important to have a strata record for.
Because down the road, when its time to sell, for whatever reason, you want to have property thats easy to sell. And when you have a property where something like unauthorized renos is delaying the sale, this will not be a quick, nor an easy, nor an inexpensive way to rectify it.
And buyers....buyers are getting more educated, especially on issues like thi.s

