The reserve fund study, operations and maintenance budget, and annual/biennial/etc. fiscal plans should all compliment each other to plan for large and small expenditures. Regular inspections/reviews and maintenance can prolong the life cycle of building components. Make a plan and avoid financial surprises.
Expected Learning Outcomes:
Condo owners, Board members, and Property Managers should be able to create a maintenance and replacement plan for the various building components and their specific property.