Depreciation Reports and Renewal Plans

A Depreciation Report (Reserve Fund Study) is a planning process that identifies the current status of a strata corporation’s common building elements  and provides a financial plan to offset the anticipated future major common property replacement obligations. It is documents what the Strata Corporation owns, how much money is reserved for future repairs, when common elements need to be repaired or replaced, what it is going to cost for future replacements and what strata unit holders should do to pay to fund future replacements.

With our help Depreciation Report and Renewal Plans will sustain the long term financial health of the improvements through a funding strategy designed to cover future expenditures.