Reserve Fund Study

Reserve Fund Study

Share This
« Back to Glossary Index

Condominiums are now legally obligated to hire a qualified engineering company to examine the building structure and all systems.

The examination will determine the remaining life in each system, eg: how long before the roof needs to be replaced.  How long before the building envelope need to be replaced,  etc.

The Reserve Fund Study will attempt to predict the costs of repairing or replacing those systems, and the monthly reserve fund contributions by each owner will be adjusted to meet future needs of the fund.

Reserve Fund StudyAbout the Publisher

Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals.  Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market.  He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist.   Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages.   He can be reached easily   By E-Mail or call/text him   Call/Text Here

  Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube

Check out our Podcast

« Back to Glossary IndexNo tags for this post.

Ad Blocker Detected

Information on this site is totally free. We are supported by advertisers. PLEASE consider disabling your Ad-Block for this site. Thank you for your support.

Share via