Setting Your Reserve Fund up for Success
Reserve fund studies are getting a bit of a bad rap right now ? and honestly, we can?t blame Alberta condo owners for feeling the way they do! Of course, we can only speak from our own on-the-job experience, but it seems like every time a condo corporation?s turned around to tap their reserve fund lately, that the funds are coming up short ? either in terms of the anticipated spending for that particular project itself, or with regards to the larger picture of the overall health of the fund.
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