Reserve Fund

The reserve fund is money saved to pay for long-term repair or replacement of the capital elements of a condominium’s common property, such as a roof, siding, or furnace. Money is collected for this fund as part of the owner’s monthly contributions. From time to time, the balance in the reserve fund is compared to current estimates of the work that will need to be done. If the balance is not sufficient, monthly contributions are adjusted to cover the shortfall, or a special assessment may be required to raise funds to cover unexpected work. The bylaws or provincial legislation contain guidelines for maintaining the reserve fund.
Contact Us
Alberta Real Estate Association 
WestMount Corporate Campus
300, 4954 Richard Road SW
Calgary, AB  T3E 6L1

Office Hours
Monday-Friday 8:30 am – 4:30 pm (MST)

Toll Free:    1-800-661-0231 
In Calgary: 
 1-403-228-6845  
(messages can be left after hours and will be returned the following business day) 
 
Fax:             1-403-228-4360
 
E-mail:
communications@areahub.ca (general inquiries)
governmentrelations@areahub.ca (government relations/advocacy inquiries)
pd@areahub.ca (professional development inquiries)
forms@areahub.ca (forms content inquiries)