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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

This is why we often stress the importance of regular maintenance because issues only grow more costly when they’re not caught and taken care of early on. ” This result is a reminder of how important preventative maintenance and comprehensive reserve studies are to an HOA’s success.

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HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

There is also the question of maintenance and who should pay for them. One option is to include the maintenance costs in the computation of HOA dues. The obvious alternative is to only charge the cost of maintenance to homeowners that use the charging station. These providers usually take care of maintenance issues and expenses.