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Reserve Fund Study
NO FUTURE SURPRISES
As common property in your condominium depreciates, you need to be financially ready to make these repairs. At Calgary Condominium Consulting we have been working with clients for over 20 years to provide them with an accurate Reserve Fund Study. We are committed to technical excellence and providing our clients with comprehensible studies.
Condominiums with 2-300+ Units
Low-Rise Apartment Complexes
Town House Complexes
METHODOLOGY
examination
An inventory is compiled for all common property components that are predicted to require replacement. Assessments are then made regarding the state of these components.
estimation
Estimates are made regarding their theoretical remaining life span. Replacement cost of the individual components are estimated at the assumed time of replacement by inflating the value using a forecasted average rate of inflation.
report
A comprehensive report is created outlining yearly costs 30 years into the future and required cash flow to sustain these costs.
Jas Pawa, P. Eng
General Manager – Principle
•Professional member of the Canadian Condominium Institute
•Mechanical Engineer
Ed Gnenz, P. Eng
Senior Reserve Fund Analyst
•Professional member of the Canadian Condominium Institute
•Mechanical Engineer
Emery Leraand, P. Eng
Senior Advisor-Founder
•Professional member of the Canadian Condominium Institute
•Mechanical Engineer
25+
YEARS OF COMBINED EXPERIENCE
600
RESERVE FUND STUDIES COMPLETED
Contact
email
jas@calgarycondoconsulting.ca
MAILING
128 Douglas Shore Close SE
Calgary, Alberta T2Z 2K8
GET A QUOTE
Please email jas@calgarycondoconsulting to receive a Reserve Fund Study quote. If possible, include your Condo Corporation Number.
CALGARY
CONDOMINIUM
CONSULTING
Ltd.
FAQ
A Reserve Fund is a reserve of money maintained by a condominium corporation. This money is collected from residents through monthly condo fees and put towards the maintenance of common property such as roofing, asphalt and landscaping.
A Reserve Fund Study is an inventory of depreciating common property (i.e. the roof or sidewalks or a boiler) and a 25 year projection of the timing and costs of major repairs or replacements.
Five years is the legal maximum time interval. If the condition of the project is changing faster than projected in the existing study it is prudent to update sooner.