Reserve Fund

Direct AnswerAs of July 2026Money set aside by a condo corporation or property owner for future major repairs and capital expenditures like roof replacement, building envelope repairs, or mechanical system upgrades. A well-funde

Money set aside by a condo corporation or property owner for future major repairs and capital expenditures like roof replacement, building envelope repairs, or mechanical system upgrades. A well-funded reserve indicates responsible financial management and reduces the risk of special assessments.

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