Reserve Fund Study

Building Condition Assessments

Building condition assessments are carried out for a number of reasons associated with reserve funding, financing, repair maintenance safety, energy conservation, and accessibility by handicapped people. They can be broadly grouped into seven categories: Building condition assessment to identify future (reserve) funding requirements. Building condition assessment for due diligence, insurance, mortgage or vendor purposes. Evaluation... Read more »

Reserve Fund Study A Must

A recent article in the National Post outlined the need for condo corporations to update the Reserve Fund Study every three years. According to the The Condominium Act of Ontario, reserve fund studies must be completed every three years, and failure to do is a breach of the Act. As a current owner or potential... Read more »