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Reserve Fund Challenge

Author: 
Toronto Condo News
Publication date:
February 24, 2021
Article Summary: 

The blog discusses the challenges faced by condominium corporations in managing their reserve funds. The author notes that while reserve funds are intended to cover the costs of major repairs and replacements, many condominium corporations struggle to maintain adequate reserves. The blog identifies several factors that can contribute to reserve fund challenges, including poor planning, unexpected expenses, and inadequate contributions from owners. The blog concludes by emphasizing the importance of proactive reserve fund planning and management.

Keywords: 

reserve fund, condominium corporation, major repairs, replacements, challenges, planning, unexpected expenses, owner contributions, proactive management.

Source Citation: 
Toronto Condo News
Reserve Fund Challenge
February 24, 2021
https://tocondonews.com/archives/reserve-fund-challenge/
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