A budget planning tool that identifies the current status of a Reserve Fund and a Funding Plan to offset the anticipated expenditures for the major repairs and replacement of components, elements, or assets, for which a corporation or association is responsible.
OurCastle Reserve Fund Studies comply with applicable legislative requirements and adhere to the industry standards set by the Real Estate Institute of Canada.
Looking for more? Check out our Asset Management Planning service.
It depends on your province / state. In British Columbia, Stratas with 5 or more units must obtain a Depreciation Report and renew it at least every 5 years. In Alberta, Saskatchewan, and Manitoba, similar requirements apply for Condominiums under each province’s legislation, though the specifics and exemptions vary.
Every report includes a presentation meeting, where we walk through our approach. If we can find a defensible rationale, using impartial sources, we are happy to reference it in the report. The DR / RFS is an impartial professional opinion. For the greatest degree of customization, we recommend an Asset Management Plan.
A Reserve Fund Study that fits your organizational goals and circumstances allows you to:
Our reputation is built on delivering tools that drive results. Informative meetings, detailed conversations, and collaborative planning are key to our method.
Want to see what that feels like?
