Reserve Fund Study ​

A reserve fund study is a detailed assessment of your corporation's shared components — what they are, what condition they're in, how long they'll last, and what they'll cost to repair or replace. It turns "are we saving enough?" into a real number and a year-by-year plan.

What it means for your board ​

A study looks at each major component — roof, exterior, parking, mechanical systems — estimates when it will need work and what that work will cost, and recommends a reserve fund contribution plan to get you there. It's the difference between guessing and knowing.

For a small self-managed board, a current study is also your best defence against a future dispute: it shows owners (and buyers) that contributions are based on evidence, not a number someone picked years ago.

What the Condominium Property Act says ​

Alberta's condominium legislation requires corporations to obtain a reserve fund study and keep it reasonably up to date, prepared by a qualified person, and to plan reserve fund contributions in light of it. The regulations set out what a study must cover and how often it should be renewed.

Timing, who qualifies to prepare a study, and how the rules apply to very small corporations are exactly the details to confirm against the Condominium Property Act and its regulations before you rely on them.

How Qworum helps ​

Store your reserve fund study, supporting documents, and the contributions that follow from it all in one place — with expiry tracking so a stale study doesn't slip past you. Start a free trial or estimate your contribution with the free Reserve Fund Calculator.

General information about Alberta condominium concepts — not legal advice. Confirm your corporation's obligations under the Condominium Property Act.