Condo corporations must complete a reserve fund study every 5 years to comply with the Condominium Property Act. Tru Appraisals is fully qualified to complete these reports, and can often do it at a competitive fee when compared to engineering firms or other service providers in the market. Over the past 20 years we have prepared reserve fund studies for several condominiums in Medicine Hat and Redcliff. Our firm has gathered the knowledge and experience required to provide a high quality report at a competitive fee.
Our reserve fund studies meet or exceed the requirements of the Condominium Property Act and the Canadian Uniform Standards of Professional Appraisal Practice. The report will forecast the timing of capital replacements, and determine if the current reserve fund balance is adequate. Further, the report will determine a reasonable amount of condominium fees in order to fully cover the costs of replacing common property as it becomes fully depreciated. To learn more about our reserve fund studies, and view a sample report, please visit our website Alberta Reserve Fund Study.