First Condo Group Limited
A Reserve Fund Study is a financial document that provides the basis for the funding of major repairs and replacement of the common elements and assets of the corporation.
Condominium corporations in Ontario are legally required to set up and maintain at least one reserve fund. Minimum legal requirements are set out in Sections 93, 94, and 95 of Ontario's Condominium Act, 1998(5a), and clauses 27 to 33 of its Regulation 48/01.
First Condo's Functional Reserve Fund Study exceeds legal requirements and provides condominiums with an effective and realistic plan for managing reserve funds.
First Condo's Functional Reserve Fund Study has been adopted as the standard for the Real Estate Institute of Canada's professional designation of Certified Reserve Planner and is widely recognized as the most advanced reserve fund planning system in Canada.
First Condo's Functional Reserve Fund Study is a clear step-by-step report that incorporates clear explanations, comprehensive physical and financial analyses, and valuable tools to assist clients to understand and implement effective reserve fund strategies.
Highlights of our Report include:
“Developing and delivering our services to the Condominium Industry since 1978”
First Condo Group Limited, Tele: (905) 761-9500, Fax: (905) 761-9504, Email: CLICK