A Reserve Fund Study is a financial planning conducted by property management agencies, and condominium associations. This study provides a comprehensive assessment of the long-term capital needs and financial sustainability of a property or community. It outlines the anticipated major repair and replacement expenses for a property or community over a long period of time. […]

What is a contingency fund condo study and why conduct it? The capital set aside by a condo corporation for future major renovations, replacements, or repairs of common amenities/ elements of a condo building, such as rooftop terraces, plumbing systems, elevators, outdoor swimming pools, fitness centres, recreation centres, is what is known as contingency condo […]

A condo reserve fund study involves a physical inspection of depreciating assets like the roof, building envelope, and Mechanical and electrical systems. Once inspected, a reserve fund report is prepared to outline all the findings. Based on the study, a reserve fund report is generated, which outlines how much money is needed to top up […]