The Reserve Fund Study we prepare for you will be a detailed financial document identifying the depreciating common property, as defined in the Corporation’s bylaws, and budgets for its major repair or replacement typically over the next 25 to 30 years depending on provincial condominium legislation.

Some of the information required to be in the reserve fund study report include: the present condition of the property, an estimate when the property will need to be replaced or repaired; an estimate of the current costs of repair or replacement of the property now and projected future costs; the life expectancy of the component when it is repaired or replaced and a recommendation on the amount of money, if any, that should be included in or added to the reserve fund.