Alberta Condominium Reserve Fund Study Providers, Engineering Firms and SIUD Providers
Alberta Condominium Reserve Fund Study Providers, Engineering Firms and SIUD Providers
Condominium Corporations are governed by the condominium legislation under the direction of the Board of Directors. The Board of Directors rely on the services hired to provide timely and cost effective services.
One of the mandatory requirements for ALL condominiums in Alberta is the Reserve Fund Study & Plan.
Reserve Fund Study qualified providers need to meet the requirements of the condominium legislation.
A Reserve fund Study is required to include a plan projecting an estimated 30 year capital expenses.
Even 2 unit condos require a Reserve Fund Study & Plan although there are provisions in the legislation for condos with 12 units or less to self administer the study & plan, which is required to meet the requirements of the legislation.
Choosing the Reserve Fund Study Provider that best suites the needs and style of your condominium is a critical decision.
Let a Condo Check© Consultant assist you with selecting the right reserve fund company for your condominium community.
Engineering firms have different specialties. It is important to work with an engineering form the knows condominium.
The January 2020 condominium legislation introduced the need for the Standard Insurance Unit Description to be registered for a condominium with the Land Titles Office of Alberta.