The reserve fund study, report and plan
Every Alberta condominium corporation must complete a reserve fund study, report and plan every five years. The study estimates what the building's shared components will cost to repair and replace. The plan has to state how much money is needed and how the board intends to raise it — through increased monthly contributions, a special levy, or both. Together they show whether the building is funding its own future or deferring it onto whoever owns the unit next.