Reserve Fund Study
The purpose of creating of a Reserve Fund Study is to provide a suitable strategy for making provisions for substantial maintenance and replacement of the building(s)/community(s) assets. Conducting a Reserve Fund Study is important as it acts as a separate fund to be used solely for the purposes of paying for the existing major repair and replacement of the common elements and assets of a building/community.
As part of our scope, we identify adequate budget provisions for the future capital expenditure that will be required to carry out this work. Our team of professional consultants conduct a thorough review of the detailed reserve fund plan for the building/community in order to levy a reasonable reserve fund. This review entails the following activities.
For more information please contact us