by genispec | Jun 30, 2026 | News
In theory, two condominium properties built by the same developer, in the same year, and based on the same blueprints may seem perfectly identical. But every month, when it comes to evaluating the amount of the contribution to be paid into the reserve fund, the...
by genispec | May 20, 2026 | News
Since Bill 16 came into force in August 2025, the building maintenance handbook has become the reference document. It now contains the technical assessment of the building, which previously belonged to the reserve fund study. The reserve fund itself now holds only the...
by genispec | Apr 28, 2026 | News
Since Bill 16, the building maintenance handbook has become a core document in condominium management. It no longer serves only as a record of past work. It helps organize maintenance over a 25-year period, documents the actual condition of common elements, and...
by genispec | Apr 1, 2026 | Facade, News
A facade inspection is not only about meeting a regulatory requirement. It is also about identifying real risks before they turn into major repairs, special assessments, or a safety hazard for the public. Under Bill 122, this process also helps condo boards better...
by genispec | Mar 12, 2026 | News
TL;DR – What You Need to KnowInflation makes long-term financial projections for a reserve fund uncertain over time.A reserve fund based on outdated assumptions can become underfunded even if contributions have been maintained.The main risk is an unexpected special...
by genispec | Jan 26, 2026 | News
TL;DR – Key takeaways A building’s lifespan depends less on its age than on the quality of its planning. Hidden anomalies accelerate deterioration and drive long-term costs. A reserve fund study based on the actual condition helps prevent special assessments....
