Why Are Reserve Fund Studies Wrong 18 Out Of 25 Times?
Sounds like a university math problem, but it isn’t. Math problems have answers. Reserve fund studies are subject to numerous assumptions beyond anyone’s reasonable control. One such assumption made by far too many reserve fund planners (one that has been for many years) is that the cost of work and expenses from reserve should change at a percentage rate equal to the rate of change that the annual contributions to reserve do. The available evidence illustrates that correlation simply does not happen often enough to justify being used in, or forming the basis of, 30-year or longer cash flow plans. Read the article…………….
Top Challenges Faced by Condo Board Members and How Skilled Toronto Property Management Companies Can Help You Face Them
Being on a community’s condo board of directors is not for everyone. While the board is comprised of unit owners
Happy New Year. Our picks for the top 10 condo law cases of 2014 is an all-Ontario batch, with half
Court finds that strata owners in Victoria cannot make rules to prevent the use of an apartment for short-term lettings (BC)
In a landmark ruling, the Supreme Court of Victoria has found that planning law, not strata law, is to govern