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Toronto Condo News
Publication date:
April 1, 2023
Article Summary: 

The provided link leads to an article titled "Minimum Reserve Fund Contributions" on the ToCondoNews website. The article discusses the concept of minimum reserve fund contributions in condominium communities. It explains the reserve fund, which is used for major repairs and replacements of common elements, and the importance of adequately funding it to ensure the long-term financial health of the condominium corporation. The article explores the factors that determine minimum reserve fund contributions, including professional reserve fund studies, funding plans, and legislative requirements. It also addresses the role of the board and owners in establishing and adjusting the reserve fund contributions. The article aims to provide guidance on effectively managing the reserve fund and making informed decisions regarding minimum contributions in condominium communities.


minimum reserve fund contributions, condominium communities, reserve fund, major repairs, common elements, financial health, funding, professional reserve fund studies, funding plans, legislative requirements, board, owners, management, informed decisions, condominium corporation.

Source Citation: 
Toronto Condo News
April 1, 2023
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