Winter 2021 Reserve Fund Study

What is a Reserve Fund Study, and why do we need one?

• Required by law, a condominium's Reserve Fund Study is the plan of how to keep the building in good shape.

• Study authors inventory the common element assets, review their repair history, visually assess their condition, estimate remaining life expectancy, repairs and/or renovations required and the costs.

• The Study also details the monies estimated to cover anticipated expenditures over the next 30 years.

PDF version of the Reserve Fund Study Update (Class 2)

Here for a limited time only!

Reserve Fund Study Update (Class 2) (February 17, 2021; revised April 13, 2021) - PDF file, 1.8 Mb

Notice of Future Funding of the Reserve Fund (May 13, 2021) - PDF file, 2.9 Mb