Comprehensive Reserve Fund Study         Reserve Fund Study Update Toll Free: 1-888-250-6696 Every condominium building in Ontario is required to establish a Reserve Fund Study (Capital Replacement Plan) within the year following the registration and periodic planning to determine whether the amount of money in the reserve fund and the amount of contributions collected by the corporation are adequate to provide for the expected costs of major repair and replacement of the common elements and assets of the corporation. This demand is stipulated in the Condominium Act and its objective is to forecast future major repair or replacement of common elements of the building, to lower the risk of unexpected repairs, and to ensure that proper funds would be available for those repairs when the time comes. Reserve Fund Studies include the following items, which are required by The Condominium Act, Ontario Regulation 48/10: Comprehensive analysis and visual physical structural condition survey of common element components including roof, exterior walls, windows, structure, plumbing, HVAC, electrical systems, elevators, and interior finishes Review the condition and evaluation of life expectancy of the building components Inspect and investigate the need of major repairs for the building Cost estimation for major repairs and/or replacement of building components Thirty year plans that outlines future needs to repair or replace major components of the building Cost analysis and cash allocation for future required repairs A description of the on-site physical assessment, inspection methods, and equipment (when applicable) More reading: Reserve Fund Studies - Scope of Work Reserve Fund Study sample report (PDF) Reserve Fund Study - Questions and Answers Learn more how the Reserve Fund Study impacts your unit value Our Reserve Fund Study is offered at three classes to support your needs, as defined in The Condominium Act:    Class 1 A Comprehensive Reserve Fund Study done within the first year of registration    Class 2 Reserve Fund Study with a Site Visit for updating an existing study, and should be done alternately every three years with Class 3 (Reserve Fund Study without site visit).    Class 3 Reserve Fund Study without a Site Visit for updating an existing study, and should be done alternately every three years with Class 2 (Reserve Fund Study with site visit). The following table lists the differences between each of the classes of the Reserve Fund Study: Class 1 Class 2 Class 3 Site Visit √ √ X Condition assessment (based on visual inspection) √ √ X Component Inventory Full study, including quantification Based on previous Reserve Fund Study report (no quantification) X Estimation of remaining life expectancy of main common components √ √ √ Evaluation of fund status √ √ √ Preparing of reserve funding plan √ √ √ Preparation of Form 15 as required by The Condominium Act √ √ √                 Some of the other services we provide include:             Reserve Fund Study for new and existing condominiums     Performance Audit for new condominiums     Property Condition Assessment for industrial buildings   Commercial Building Inspections   Phase One Environmental Site Assessment     Energy Audit and Thermal Imaging

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