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Toronto Condo Finances

Saturday Jan 23rd, 2021

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Reserve Funds A reserve fund is a fund that condo corporations use for major repair or replacement of common elements and assets as needed. The Condo Act requires that all condo corporations have a reserve fund. Adequate reserve funds and proper use of those funds are critical to maintaining the structural integrity of the condo corporation’s property. Reserve funds may only be used for major repairs and replacements of the common elements and assets of the condo corporation. Condo... [read more]

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Listing Data were last updated: 2024-05-03 00:00:00

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