Tag · Canada

reserve fund

2 Loopholes 🇨🇦 Canada

Loopholes Tagged "reserve fund"

Plain-English guides to Canadian legal rights and workarounds related to reserve fund.

Condo Status Certificate — What to Review Before Buying a Condo (and Your Right to Get One)

A condo corporation must provide a Status Certificate within 10 days of a request — it reveals reserve fund shortfalls, pending special assessments, litigation, and arrears that could cost you thousands after purchase.

Strata Reserve Fund Disclosure — What BC Condo Buyers Must Know Before Purchasing

BC strata corporations must disclose their reserve fund study, financial statements, and depreciation report before you buy — a weak reserve fund means future special levies that become your responsibility.