top of page
< Back

Save this article  > 

Reserve Fund Study Report Card - Shared Facilities

Sophia Simeone, Sally Thompson
Publication date:
November 9, 2021
Article Summary: 

The article discusses the results of a reserve fund study report card for shared facilities in two townhouse corporations and stacked townhouse units. In the first case, the assumption of shared facilities between the two corporations was found to be incorrect based on condo plans and reference plans. This led to discrepancies in reserve fund costs and decision-making authority for repairs. The lesson learned is to always check condo plans and reference plans to confirm assumptions made in reserve fund studies. In the second case, a "one size fits all" unit rate for garage roof deck waterproofing in stacked townhouse units led to significant cost discrepancies due to individual project complexities. The takeaway is to consider individual project challenges and site conditions when developing reserve fund study budgets.


Reserve Fund Study, Shared Facilities, Condo Plans, Reference Plans, Townhouse Corporations, Stacked Townhouse Units, Garage Roof Deck Waterproofing, Reserve Fund Budgets, Project Complexities.

Source Citation: 
Sophia Simeone, Sally Thompson
Reserve Fund Study Report Card - Shared Facilities
November 9, 2021
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