New Reserve Fund Study
We visit your property and conduct a physical review of the common and managed assets of the Condominium.
A customized and detailed reserve fund study, report, and plan are prepared. In addition to meeting or exceeding the minimum requirements of the applicable Provincial legislation, we take great pride in the feedback we receive from our clients that our studies and reports are easy to read and understand. We provide you with the information you need to make informed decisions regarding the management of your property - nothing more, nothing less.
Once you've had a chance to review the study, we work with you to ensure your questions are answered and that you have the knowledge and tools to effectively manage your reserve fund.
Reserve Fund Plan Updates
New reserve fund studies are required every five years in Alberta, however, as a Board, your reserve fund plan should be reviewed annually to ensure that the underlying assumptions are still valid.
Your updated plan will be revised to include current (local and global) economic conditions and investment returns, as well as, current repair and replacement pricing. Your plan will also be adjusted to account for any significant warranty or insurance claims made at your property.
The plan update can be done with or without a site review. We find most clients opt for a plan update, without a site review, at the 3-year mark.