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What are reserve funds?

Condominium corporations maintain a reserve fund solely for major repairs and replacements of common elements and assets. The Condo Act requires that corporations conduct periodic reserve fund studies to determine whether the amount of money in the fund and contributions collected from owners are adequate and can sustain expected costs of major repair and replacement of the common elements and assets. Read more.

Our condominium forms will be unavailable on Tuesday April. 23 from 4 p.m. to 7 p.m. EST and Tuesday April. 30 from 5 p.m. to 8 p.m. EST while we improve them to serve you better. Our other services will not be affected.

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