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How is the reserve fund study calculated?
The reserve fund is an essential pillar in guaranteeing the financial sustainability of a condominium. Co-owners often misunderstand its calculation. This article explains how the reserve fund is determined, what variables come into play, and why it's crucial to forecast contributions to avoid long-term deficits properly.
Why the reserve fund study is important
One of the key measures introduced by Law 16 will be the obligation for condominium syndicates to carry out a study of reserve funds. This study, essential to the financial sustainability of condominiums, deserves special attention.