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Reserve Fund

Author: 
Ontario Condo Information Centre
Publication date:
November 22, 2022
Article Summary: 

This blog discusses the concept of reserve funds in condominium corporations, which are funds set aside for major repairs and replacements of common elements. It highlights the importance of having a reserve fund study to determine the appropriate amount to be contributed and how to use the funds wisely. The blog also touches on the Reserve Fund Study Regulations and the potential consequences of not having a proper reserve fund.

Keywords: 

reserve funds, condominium corporations, common elements, reserve fund study, Reserve Fund Study Regulations, and major repairs.

Source Citation: 
Ontario Condo Information Centre
Reserve Fund
November 22, 2022
https://condoinformation.ca/condos-financial-structure/reserve-fund.html
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