The adequacy of the Reserve Fund (also referred to as a Sinking or Depreciating Fund)  is one of the biggest  concerns  for condominium owners and buyers. This video provides insight on how the owners can influence the amounts the condo board elects to contribute to this fund.  In the condominium legislation in Alberta makes it mandatory for ALL condominiums (even small ones) to complete a Reserve Fund Study and Plan.  This information is available to buyers upon written request. Be sure to provide the most recent version and any updates when buyers or owner request the condominium documents.  

As a board if you are not confident that the fund is adequate a Condo Check® Consultant can help.  Details below the video.