Reserve Fund Studies

Reserve fund studies are generally conducted to determine the overall condition of a building to assist building owners in preparation of capital cost budgets for replacement or restoration of building components and systems over the long term. Condominium Corporations are required by law to have a reserve fund study conducted every five years with a thirty-year term. Reserve fund studies are also beneficial to private residential properties and commercial properties for long-term capital cost planning.

These types of studies are particularly valuable in establishing life expectancy and remaining useful life of building components and systems. A visual review of the property is conducted including structural, architectural, mechanical, electrical and elevator components. Information gathered is tabulated to provide a long-term budgetary plan for repair or replacement. Reserve Fund Studies are a key component in developing long-term repair strategies as well as establishing future reserve fund contributions in comparison with current available funds and interest rates.

Cleland Jardine Engineering has the resources, expertise and technology to conduct accurate and comprehensive reserve fund studies that will provide building owners with the information they require in making sound business decisions with regard to the maintenance and restoration of their properties over the long-term.