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Some strata buildings have one or more central hot water tanks that supply all the units, while others are designed with individual hot water tanks located inside each unit.
When a tank is located in the unit:
1. It typically only services that unit.
2. It’s usually considered part of the strata lot.
3. The owner is generally responsible for maintaining, repairing, and replacing it.
Many strata corporations with in-unit tanks have bylaws that set out expectations for maintenance and replacement. Some require owners to replace the tank every 10 years, or once the warranty expires, whichever comes first. These bylaws are often in place to reduce the risk of leaks, which can cause significant damage and disruption.
When assisting buyers purchasing a unit that has an in-unit hot water tank, it’s a good idea to:
- Check the Bylaws: Confirm any requirements for maintenance or replacement.
- Warranty or Condition: Look for the installation or warranty date to estimate the tank’s remaining lifespan.
- Service Records: Ask if there are any maintenance records or receipts available.
- Professional Advice: Recommend a home inspector or plumber to assess the tank if its age or condition is unclear.
In some cases, tanks are located in tight or enclosed spaces that make replacement more difficult or expensive. If the tank is nearing the end of its life, buyers may want to budget for replacement shortly after moving in.
It’s also worth reminding buyers that if their tank fails and causes water damage, they could be held responsible for the resulting costs. This could include paying for damages below the strata’s water damage deductible amount, or the full deductible if a claim is made. It’s therefore also worthwhile to consider getting additional homeowner insurance to protect against these types of risks.
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