by genispec | Dec 22, 2025 | News
Key takeaways Hidden defects in recent buildings mainly result from fast-paced execution, insufficient quality control, and fragmented construction teams. These concealed issues directly threaten the value of condominiums and create unexpected funding needs. A...
by genispec | Nov 20, 2025 | Bill 16, News
Key Takeaways The long-used rule of contributing 5% of the annual operating budget to the reserve fund no longer reflects current conditions. It doesn’t consider inflation, unexpected repairs, or the real state of building components. The result often includes special...
by genispec | Feb 29, 2024 | News
What are the differences between commercial and industrial property inspections? Firstly, it’s essential to understand that there are two types of pre-purchase inspections offered to entrepreneurs. This makes perfect sense, given the diversity of commercial...
by genispec | Feb 5, 2024 | News
In 2024, the reserve fund study is mandatory! Bill 16 was established to preserve the physical and functional longevity of components in a condominium. Starting in 2023, the obligation to conduct a reserve fund study (also called a reserve fund study) came into...
by genispec | Dec 20, 2023 | News
Collaborating with experts to meet your condominium management needs Genispec has established a strategic partnership with HPDG, a property management company that also offers appraisals, known for its commitment to rigor and integrity in property evaluation and...
