Depreciation Report
This report provides the anticipated Reserve Fund expenditures and required contribution for a 30-year forecast period. Our services include:
- Review of the avaialbe building drawings.
- Review of the history of repairs performed at the building.
- Review of the most recent financial documents including financial statement and balance sheet.
- Visual condition review of the building elements within the common property.
- Preparation of repair/replacement cost of the building elements within the common property.
- Perpetration of draft written report including item descriptions, repair/replacement costs and 30-year cash flow scenarios (total of three scenarios).
- As required meetings with Strata Council in order to gather their inputs.
- A finalized Depreciation Report submission.
Maintenance Plan
This report provides valuable information regarding the required maintenance items in order ot omtimize the service life of a building. Our Maintenance Plan Report typically includes:
- Descriptions of various building elements including functionality.
- Required maintenance actions for the described elements.
- Frequency of each maintenance action.
- Copy of available warranties.