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What you need to know about the reserve fund study in 2024

What you need to know about the reserve fund study in 2024

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...
What Is Bill 16 And What Are Its Implications?

What Is Bill 16 And What Are Its Implications?

What Is Bill 16 And What Are Its Implications? Bill 16, a relatively recent piece of legislation, partially came into effect on January 10, 2020, signifying an important development in the realm of property and construction regulation. One of its standout provisions...