Reserve funding
Are contributions and planned work aligned with the study?
Understand the building behind the unit
Condo documents reveal the corporation’s finances, rules, risks and plans. I help clients identify the right questions and coordinate appropriate professional review.
Documents that deserve attention
Document review is not about searching for one perfect number. It is about understanding how the reserve plan, budget, insurance, minutes, rules and current projects connect.
✓ Reserve fund study and plan✓ Annual budget✓ Financial statements✓ Board and AGM minutes✓ Bylaws and rules✓ Insurance certificate✓ Information statement✓ Pending litigation or assessments
Signals that need context
Special assessments
What is approved, proposed or discussed—and who pays?
Insurance
What are the corporation and owner responsibilities and deductibles?
Minutes
Do recurring leaks, envelope issues, disputes or projects appear?
Bylaws
Do pet, rental, age, renovation or use restrictions affect you?
Operating budget
Are costs rising, deficits recurring or expenses deferred?
Important distinction
Guidance, not legal advice
I help organize the documents, explain real estate context and identify questions. Buyers should use qualified legal, condominium-document, inspection and financial professionals where appropriate.
What is a reserve fund study?+
It is a long-term assessment of major common-property components, their expected remaining life, estimated repair or replacement cost, and a funding plan.
What is a special assessment?+
A special assessment is an additional amount charged to owners beyond regular condo contributions, often for a major cost or funding shortfall.
Can documents predict every future expense?+
No. They provide evidence about known conditions, planning and financial health, but buildings can still face unexpected events or changing costs.
Have questions about an Edmonton condo building?
Buying, selling or simply planning? Start with a calm, no-pressure conversation focused on your property and goals.