top of page
< Back
Category:

Financials

Save this article  > 

Mind Your Reserve Fund – or Pay the Price

Author: 
DENISE LASH
Publication date:
September 21, 2022
Article Summary: 

The blog post discusses the importance of maintaining a healthy reserve fund for condominium corporations in Ontario, CanadaThe post emphasizes the legal requirement of having a reserve fund, the need for responsible management and funding to avoid insufficient funds and special assessments, and the potential legal consequences of not complying with reserve fund requirements.

Keywords: 

Keywords include condominium corporations, reserve fund, major repairs, common elements, responsible management, regular contributions, funding, future expenses, insufficient funds, special assessments, and legal consequences.

Source Citation: 
DENISE LASH
Mind Your Reserve Fund – or Pay the Price
September 21, 2022
https://www.lashcondolaw.com/mind-your-reserve-fund-or-pay-the-price/
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page