Categories: Canada Articles

The Theory of Reserve Fund Planning – A Primer (ON)

Section 94 of Ontario’s Condominium Act (the Act) describes the obligation of every condominium corporation to prepare and implement a new reserve fund plan following each reserve fund study. And the Act says that the reserve fund plan is to be prepared so as to result in a fund that is adequate “within a prescribed period of time and in accordance with the prescribed requirements”. What exactly does this mean?    Read the article…………………………

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