The Role and Importance of the Reserve Study in Determining an Appropriate Reserve Fund

A well-run condominium can be thought of as having two components: (1) physical assets, which are the buildings, structures, and grounds on which the condominium is located; and (2) financial assets, which are the funds necessary to maintain the condominium’s physical assets. So long as the financial assets are adequate to meet the maintenance needs of the physical assets, then the condominium project itself stands a good chance to succeed.     Read the article…………..

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