Search Results for: Elevators
another name for this, such as contingency fund or capital replacement reserve fund.) a reserve fund ensures that the condominium has enough money to pay for the major repair and replacement of the common elements over the life of the building. these may include the roof, roads, sewers, sidewalks, elevators
another name for this, such as contingency fund or capital replacement reserve fund.) a reserve fund ensures that the condominium has enough money to pay for the major repair and replacement of the common elements over the life of the building. these may include the roof, roads, sewers, sidewalks, elevators...
https://www.cmhc-schl.gc.ca/en/buying/condominium-buyers-guide/frequently-asked-questions