Special Assessment vs Condo Loan: When to Update Your Reserve Fund Study

When a condominium corporation in Alberta faces a major capital expense—like a roof replacement, parkade membrane repair, or building envelope restoration—the board usually ends up weighing two primary funding mechanisms: a special assessment (immediate lump-sum payments from owners) or a condo corporation loan (debt serviced through temporary fee increases).

But there’s a third lever that often determines whether either option is necessary in the first place: the reserve fund study. A current, Alberta-compliant reserve fund study helps boards forecast major replacements, stress-test cash flow, and set contributions early—so “surprise” projects don’t turn into “surprise” bills.

A special assessment is a one-time charge levied on unit owners to cover unexpected or unfunded capital expenses. A condo corporation loan spreads the cost over several years through borrowed funds, typically requiring board approval and lender qualification. And a reserve fund study is the planning tool that ties it all together—showing what’s coming, when it’s likely to hit, and how to fund it with the least disruption to owners.

This comprehensive guide examines both options through the lens of Alberta condominium law, owner impact, and long-term financial stewardship. Whether you're facing an emergency repair or planning a major renovation, understanding these funding mechanisms—and how a properly maintained reserve fund reduces your reliance on either—is essential for effective board governance.

Understanding Your Funding Crisis: When Do These Options Appear?

Before examining the mechanics of special assessments and condo corporation loans, boards must understand the scenarios that trigger these decisions. Both options emerge when a condominium corporation's reserve fund cannot fully cover a necessary capital expense.

The Reserve Fund Shortfall Triggers

In Alberta, condominium corporations maintain reserve funds specifically for major repairs and replacements. When these funds prove insufficient, boards face four common scenarios:

• Emergency Repairs: A parkade membrane failure, roof collapse, or plumbing system failure requiring immediate action before the next fiscal year's reserve contributions can accumulate

• Scope Creep: A planned project uncovers additional damage during execution (such as discovering rotted sheathing behind siding during an exterior painting project)

• Deferred Maintenance: Years of underfunding the reserve fund or postponing recommended repairs finally necessitate action, often at a higher cost

• Inadequate Reserve Planning: An outdated or incomplete reserve fund study that failed to account for actual component conditions or replacement costs in Alberta's climate

  
  

These triggers share a common thread: the gap between available reserve funds and required capital. Understanding which scenario applies helps boards select the appropriate funding mechanism. For emergency repairs, speed matters most. For planned projects discovered through a reserve fund study, boards have time to evaluate options thoroughly.

The Role of Reserve Fund Studies in Prevention

A comprehensive reserve fund study conducted by a Professional Engineer (P.Eng.) serves as the primary preventive measure against funding crises. These studies, required by Alberta regulations, provide:

1. Component inventory: Detailed assessment of all common property elements requiring eventual replacement

2. Condition ratings: Current state evaluation of each component

3. Life expectancy projections: Expected remaining useful life based on Alberta climate conditions and usage patterns

4. Replacement cost estimates: Current and future costs accounting for inflation

5. Funding models: Recommended monthly contribution levels to avoid shortfalls

When boards maintain current reserve fund studies (updated every 3-5 years as recommended) and follow the funding recommendations, the need for special assessments or loans diminishes significantly. The few thousand dollars invested in a reserve fund study in Edmonton or other Alberta cities prevents the tens or hundreds of thousands required through emergency funding mechanisms.

Special Assessments: The Direct Funding Approach

A special assessment represents the most straightforward funding mechanism: the board calculates the shortfall, divides it among units according to unit factors, and requires payment within a specified timeframe. This section examines the mechanics, advantages, disadvantages, and common failure modes of this approach in Alberta condominiums.

How Special Assessments Work in Alberta

Under Alberta's Condominium Property Act, boards possess the authority to levy special assessments for capital expenses, subject to specific procedural requirements:

• Notice Requirements: Boards must provide written notice to all owners detailing the assessment amount, purpose, payment deadline, and calculation method. Most bylaws require 30-60 days' notice, though emergency repairs may justify shorter periods.

• Calculation Method: Assessments typically follow unit factors (the proportional ownership interest assigned to each unit). A unit with 1.5% of the building's unit factors pays 1.5% of the total assessment. Some corporations use alternative formulas for specific improvements (such as assessments only on units benefiting from a particular amenity).

• Payment Terms: While a lump-sum payment is standard, some boards offer payment plans spanning 6-12 months. These arrangements should be formalized in writing and may include interest charges to compensate for the delayed receipt of funds needed for contractor payments.

• Registration: Large assessments may be registered against unit titles as liens, providing collection security similar to unpaid condo fees.

Advantages of Special Assessments

Special assessments offer several compelling benefits that make them the preferred choice in specific circumstances:

• Speed of Implementation: Once board approval occurs (typically at a single meeting), the assessment can be levied immediately, with funds collected within 30-90 days depending on payment terms

• No Interest Costs: Owners pay only their share of the actual project cost, avoiding the 15-30% premium associated with loan interest and fees over time

• No Lender Requirements: The corporation avoids loan application processes, lender qualification criteria, and ongoing reporting obligations to financial institutions

• Simplicity: The process requires minimal legal documentation compared to loan agreements, saving professional fees

• Finality: Once paid, the matter concludes with no ongoing payment obligations or debt service affecting future budgets

• Flexibility: Boards can more easily adjust assessment timing or payment terms based on owner feedback without renegotiating loan terms

For corporations with relatively modest shortfalls (under $50,000 for a typical building) and owners with reasonable financial capacity, special assessments often represent the most efficient path forward.

Disadvantages and Common Failure Modes

Despite their simplicity, special assessments carry significant risks that boards must carefully consider:

• Owner Financial Hardship: The most serious disadvantage involves owners unable to pay substantial lump sums. Retirees on fixed incomes, recent purchasers who exhausted savings on down payments, or owners facing other financial challenges may genuinely lack funds for payments of $5,000-$25,000 or more. This creates:

• Collection Problems: Non-payment requires lien registration and potentially costly legal action

• Community Tension: Resentment between owners who can pay easily and those struggling creates divisive board meetings and election challenges

• Project Delays: If insufficient funds arrive by contractor deadlines, the corporation may face contract penalties or lose favourable pricing

• Market Impact: Large special assessments significantly affect property values and sales. Buyers often negotiate purchase price reductions equal to or exceeding the assessment amount. Sellers may need to reduce asking prices by $10,000-$15,000 to offset a $10,000 assessment, as buyers factor in both the immediate cash requirement and concerns about the corporation's financial management.

• Inequity Concerns: Special assessments treat all owners identically regardless of individual circumstances:

• Long-time owners who contributed to reserves for decades pay the same as recent purchasers who contributed nothing

• Owners planning to sell soon pay for improvements they won't benefit from

• Owners with higher incomes pay the same proportion as those on minimum wage

• Public Relations Challenges: Boards levying assessments face criticism regardless of the necessity. Owners often focus on the immediate pain rather than the underlying maintenance need, leading to board member resignation, difficulty recruiting replacements, and contentious annual meetings.

When Special Assessments Make Sense

Despite these challenges, special assessments remain the optimal choice when:

1. The shortfall is relatively modest (under 5-10% of annual budget)

2. The repair is genuinely urgent (safety hazard, code violation, or rapid deterioration)

3. Owner financial capacity appears strong (low turnover, few rental units, higher-value properties)

4. The corporation has a track record of transparency (regular communication about building conditions reduces surprise factor)

5. Loan qualification would be difficult or impossible (small building size, lender restrictions, existing debt)

Condo Corporation Loans: The Debt-Financed Alternative

When special assessments prove impractical due to owner financial capacity or community resistance, condo corporation loans offer an alternative by spreading costs over extended periods. This section examines the loan process, advantages, disadvantages, and qualification requirements specific to Alberta condominium corporations.

How Condo Corporation Loans Work in Alberta

Condo corporation loans function similarly to other secured lending arrangements, with several unique features:

• Loan Structure: Financial institutions advance funds to the corporation for specific capital projects. Typical terms include:

• Loan amounts: $50,000 to $5 million depending on building size and project scope

• Interest rates: Prime plus 1-3%, typically 6-9% in current markets (rates vary by lender and corporation creditworthiness)

• Amortization periods: 5-15 years, with longer terms for larger projects

• Security: Registered charge against the condominium plan (similar to a mortgage) providing lender priority over unit owners in default scenarios

• Payment structure: Monthly principal and interest payments added to regular condominium fees as temporary surcharges

• Qualification Requirements: Lenders evaluate several factors before approving condominium loans:

• Reserve fund balance: Lenders prefer corporations maintaining reserves at 70%+ of fully funded levels, demonstrating financial responsibility

• Management quality: Professional management companies with track records improve approval odds versus self-managed buildings

• Arrears levels: Low delinquency rates (under 5% of units) signal owner financial capacity and payment discipline

• Building condition: Lenders may require building condition assessments or reserve fund studies to verify the loan will address actual needs rather than patch ongoing deterioration

• Unit owner occupancy: High rental ratios (over 40-50%) concern some lenders due to potentially higher arrears risk

• Legal Documentation: Loan approval requires several agreements:

• Loan Agreement: Terms, conditions, interest rate, repayment schedule, and default provisions

• Board Resolution: Formal authorization by the board (and owners if required by bylaws)

• Security Registration: Charge registered against the condominium plan at the land titles office

• Insurance Assignment: Assignment of building insurance to the lender as an additional insured party

Advantages of Condo Corporation Loans

Loans provide several benefits that make them preferable in many situations:

• Affordability for Owners: Monthly payment increases of $50-$150 prove more manageable than lump-sum assessments of $5,000-$15,000 for most owners, particularly those on fixed incomes or tight budgets

• Intergenerational Equity: Future owners who benefit from improvements contribute to their cost through the remaining loan payments, rather than current owners bearing the entire burden for work benefiting the next decade or two of occupancy

• Market Stability: Smaller monthly increases affect property values less dramatically than large special assessments, as buyers can incorporate the temporary fee increase into their mortgage qualification rather than finding additional down payment funds

• Board Political Capital: Loans often face less owner resistance than assessments, preserving board relationships and making future necessary decisions easier

• Payment Certainty: Fixed monthly amounts allow owners to budget effectively rather than worrying about potential assessment surprises

• Reserve Fund Preservation: Loans allow corporations to maintain reserve fund balances for other potential needs rather than depleting funds entirely

Disadvantages and Common Failure Modes

Loans introduce their own complications and costs:

• Higher Total Cost: The most significant disadvantage involves interest expense. A $200,000 project financed at 7% over 10 years costs approximately $280,000 total—an extra $80,000 (40%) compared to the special assessment approach. This represents real money leaving the corporation rather than paying for tangible improvements.

• Qualification Barriers: Many corporations, particularly smaller buildings or those with management challenges, cannot qualify for loans. Lender rejection forces boards back to special assessments after wasting time and professional fees on the loan application process.

• Complexity and Delays: Loan documentation, approval processes, and legal requirements typically add 60-90 days compared to special assessments. Emergency repairs may proceed with bridge financing, adding further costs.

• Ongoing Administrative Burden: Loans require:

• Monthly payment tracking and remittance to lenders

• Annual reporting to lenders regarding building condition and financial performance

• Lender approval for certain major decisions (such as additional borrowing)

• Professional fees for legal and accounting services throughout the loan term

• Default Risks: If owners resist fee increases needed for loan payments, the corporation faces default scenarios potentially including:

• Acceleration of remaining loan balance (entire amount becoming immediately due)

• Lender action against the corporation and potentially individual owners

• Damage to corporation credit rating affecting future borrowing ability

• Fairness Complications: While loans improve intergenerational equity compared to assessments, they create their own fairness issues:

• Owners selling mid-loan term pay for only a portion of improvements

• Interest paid benefits lenders rather than building condition

• Some owners argue reserves should have prevented the need entirely

When Condo Corporation Loans Make Sense

Loans represent the optimal choice when:

1. The project cost exceeds 10-15% of annual operating budget, making lump-sum payments impractical for most owners

2. The corporation qualifies for reasonable loan terms (good credit profile, adequate reserves, professional management)

3. The project is not genuinely urgent, allowing time for loan approval processes

4. The building has stable ownership with low turnover (ensuring loan term doesn't extend beyond typical ownership period)

5. Owner feedback indicates strong preference for payment spreading versus lump sums

Side-by-Side Comparison: Assessment vs. Loan

The following comparison helps boards evaluate which option better fits their specific circumstances:

Cost Comparison

• Special Assessment: - Total project cost: $200,000 example

• Owner cost per unit (100-unit building): $2,000

• Additional costs: Legal fees for lien registration if needed ($500-$1,500 per unit), collection costs for non-paying owners

• Interest cost: $0

• Total cost to corporation: $200,000-$205,000

• Condo Corporation Loan: - Total project cost: $200,000 example

• Loan setup costs: $3,000-$8,000 (legal fees, appraisal, lender fees)

• Interest cost (7% over 10 years): Approximately $80,000

• Monthly owner cost per unit: $30-35 for 10 years

• Total cost to corporation: $288,000-$293,000

Speed Comparison

• Special Assessment: - Board decision to implementation: 1-2 weeks

• Notice period: 30-60 days per bylaws

• Fund collection: 30-90 days depending on payment terms

• Total time to full funding: 60-150 days

• Emergency scenarios: Can be compressed to 30-45 days with proper bylaw provisions

• Condo Corporation Loan: - Loan shopping and selection: 2-4 weeks

• Application preparation: 2-3 weeks (gathering financials, reserve fund studies, board resolutions)

• Lender review: 3-6 weeks

• Legal documentation: 2-4 weeks

• Closing: 1-2 weeks

• Total time to funding: 10-19 weeks (2.5-4.5 months)

Fairness Analysis

• Special Assessment: - Recent buyers: Pay full share despite minimal reserve fund contributions

• Long-term owners: Pay same proportion as new owners despite years of contributions

• Future buyers: No contribution to project they'll benefit from

• Selling owners: Likely bear cost twice (through assessment payment and reduced sale price)

• Condo Corporation Loan: - Recent buyers: Pay proportional share through monthly increases

• Long-term owners: Pay for improvements over remaining ownership period

• Future buyers: Contribute through remaining loan payments

• Selling owners: Pass remaining loan obligation to buyers through slightly reduced sale prices or remaining payment term

Owner Impact Comparison

Special Assessment: - Immediate impact: High stress from lump-sum requirement

• Monthly budget impact: None after payment complete

• Sale impact: Significant negative impact on property values

• Hardship scenarios: Can create genuine financial distress

• Long-term impact: None (one-time event)

  
  

Condo Corporation Loan: - Immediate impact: Minimal (small monthly increase)

• Monthly budget impact: Moderate ongoing increase for loan term

• Sale impact: Modest negative impact on property values

• Hardship scenarios: More manageable for most owners

• Long-term impact: Extends for full loan term (5-15 years)

The Board Decision Framework: Five Critical Questions

Rather than defaulting to either option based on familiarity or owner pressure, boards should systematically evaluate their situation using these five questions:

Question 1: How Urgent Is This Repair or Replacement?

• Genuinely Urgent (choose special assessment): - Life safety hazards (structural failure, fire safety system collapse)

• Code violations with compliance deadlines

• Rapid deterioration creating exponential cost increases if delayed

• Insurance policy jeopardy (insurer threatening non-renewal without repairs)

• Moderately Urgent (either option viable): - Planned replacement approaching end of useful life

• Deterioration occurring but not accelerating

• Functional issues causing inconvenience but not danger

• Reserve fund study recommendations within 1-2 years of target date

• Non-Urgent (prefer loan for flexibility): - Preventive improvements ahead of actual need

• Aesthetic upgrades

• Energy efficiency improvements

• Reserve fund study recommendations 3+ years out

Question 2: What Is Your Reserve Fund Position?

Review your most recent reserve fund study and current balance:

• Strong Position (70%+ funded): Loan qualification improves, but question whether borrowing is necessary. Consider partial assessment to reduce loan amount.

• Moderate Position (40-70% funded): Both options viable, though loan qualification may require guarantees or higher interest rates.

• Weak Position (under 40% funded): Loan qualification difficult. Special assessment may be only option unless the corporation accepts very unfavourable loan terms. This situation urgently requires a new reserve fund study in Calgary, Edmonton, or other Alberta cities to prevent recurring funding crises.

Question 3: What Is Your Owner Community's Financial Capacity?

Assess owner financial strength through:

• Arrears history: Current and historical delinquency rates

• Turnover patterns: Stable ownership suggests stronger financial positions

• Demographics: Retiree-heavy buildings may prefer loans; working professionals may tolerate assessments better

• Property values: Higher-value units correlate with greater owner financial flexibility

• Previous assessments: How did owners respond to past special assessments?

• High Capacity Indicators: Choose based on other factors, as owners can handle either option.

• Low Capacity Indicators: Strongly prefer loans to avoid collection problems and owner hardship.

Question 4: Can You Qualify for Reasonable Loan Terms?

Before assuming loans are available, verify qualification likelihood:

• Contact multiple lenders: Shop 3-5 institutions to compare terms

• Gather required documents: Current reserve fund study, financial statements, management contracts, bylaws

• Understand your credit profile: Reserve fund balance, arrears rate, management quality

• Get pre-qualification: Formal or informal indication of approval likelihood before incurring legal fees

If pre-qualification proves difficult or terms are unreasonable (interest rates above 10%, very short amortization periods, onerous covenants), special assessment may be the pragmatic choice despite owner preference for loans.

Question 5: What Is Your Board's Long-Term Financial Philosophy?

The final question involves values and governance approach:

• Debt-Averse Philosophy: Some boards view debt as poor stewardship, preferring to fully fund reserves and use assessments when necessary. This approach:

• Avoids interest costs

• Maintains financial independence

• Requires discipline in reserve funding and communication

• May be more difficult politically

• Balanced Debt Philosophy: Other boards view strategic debt as appropriate financial management, similar to homeowners using mortgages. This approach:

• Improves intergenerational equity

• Reduces individual owner burden

• Accepts interest costs as "fairness premium"

• May be more palatable to owners

Neither philosophy is inherently superior—boards must align funding mechanisms with their governance values while remaining flexible for specific circumstances.

How Reserve Fund Studies Reduce Your Need for Either Option

The most effective strategy for avoiding both special assessments and condo corporation loans involves maintaining a robust reserve fund guided by regular professional studies. Here's how proper reserve planning prevents funding crises:

The Preventive Planning Cycle

• Year 1: Initial Comprehensive Study - Professional Engineer conducts detailed site inspection

• Component inventory and condition assessment complete

• 25-30 year expenditure forecast developed

• Funding model calculated based on current reserve balance

• Board receives reserve fund study deliverables and recommendations
  

• Years 2-4: Annual Budget Adjustments - Board incorporates recommended reserve contributions into budgets

• Reserve fund grows according to plan

• Management monitors component conditions for unexpected changes
  

• Year 5: Update Study - P.Eng. updates component conditions and cost estimates

• Funding model adjusted for actual experience

• Board receives revised 25-30 year forecast

This cycle continues throughout the building's life, with comprehensive updates every 3-5 years and annual budget monitoring ensuring the reserve fund stays on track.

Why Proper Reserve Planning Prevents Funding Crises

Reserve fund studies conducted according to Alberta requirements provide several crisis-prevention benefits:

• Early Warning System: Component condition assessments identify deterioration 5-10 years before failure, allowing planned replacement rather than emergency response

• Accurate Budgeting: Professional cost estimates based on Alberta market conditions ensure reserve contributions match actual replacement costs rather than generic inflation adjustments

• Legal Compliance: Studies satisfy Condominium Property Act requirements, reducing regulatory risk

• Credibility with Owners: Engineering reports provide objective third-party validation of capital needs, reducing owner skepticism about board spending recommendations

• Loan Qualification Support: Current studies significantly improve loan approval odds by demonstrating professional financial planning to lenders

The Cost of Deferred Reserve Fund Studies

Boards that delay or avoid reserve fund studies often face exactly the funding crises this article addresses. Consider this scenario:

Building A (No Recent Reserve Fund Study): - Last study completed 8 years ago

• Board estimated annual contributions based on informal assessment

• Parkade membrane suddenly fails, requiring $400,000 emergency replacement

• Reserve fund contains only $150,000 (insufficient)

• Board forced to levy $250,000 special assessment with 30-day payment deadline

• Owner revolt at AGM, half the board resigns

• Property values drop 8-10% due to assessment and management chaos

Building B (Current Reserve Fund Study): - Study updated 18 months ago by P.Eng.

• Report identified parkade membrane nearing end of useful life (2-4 years remaining)

• Board increased reserve contributions by $100/month per unit over 3 years

• Membrane replacement planned for 3 years out at $400,000 cost

• When membrane shows signs of failure at 2.5 years, reserve fund contains $380,000

• Board covers $20,000 shortfall through modest temporary fee increase

• Owners appreciate proactive management, property values stable

The difference? Building B invested approximately $4,000 in a reserve fund study and followed the recommendations. Building A's board tried to save that $4,000 and ended up forcing owners to pay $250,000 in emergency assessments while damaging property values by tens of thousands per unit.

Implementing Recommendations: The Key to Success

Simply obtaining a reserve fund study doesn't prevent funding crises—boards must implement the recommendations. This requires:

1. Budget Integration: Incorporate recommended reserve contributions into annual budgets even when increases are unpopular

2. Owner Communication: Explain reserve fund study findings and recommendations at AGMs and in regular communications

3. Monitoring: Track actual expenditures against study projections, adjusting contributions as needed

4. Regular Updates: Commission study updates on the recommended schedule (typically every 3-5 years)

5. Project Execution: Complete capital projects according to the study timeline rather than deferring maintenance

Boards that follow this approach rarely face sudden funding crises requiring special assessments or loans. When shortfalls do occur, they're modest and easily addressed through small temporary fee increases rather than dramatic funding mechanisms.

Understanding the timeline for reserve fund studies helps boards plan updates appropriately, ensuring current information guides financial decisions.

Practical Next Steps: Moving from Decision to Action

Once your board selects a funding approach, efficient execution becomes critical. Here are the practical steps for implementing each option:

Special Assessment Implementation Steps

1. Board Resolution (Week 1):

- Pass formal resolution authorizing the assessment

- Document the purpose, amount, and payment terms

- Assign responsibility for owner notification

2. Owner Notification (Week 2):

- Prepare detailed notice letter explaining necessity, amount, calculation method, payment deadline, and consequences of non-payment

- Include supporting documentation (contractor quotes, reserve fund study excerpts, engineering reports)

- Deliver via methods required by bylaws (mail, email, posting)

3. Payment Collection (Weeks 3-10):

- Set up tracking system for payments

- Process payments as received

- Send reminders to non-paying owners at 30 and 60 days

- Begin lien registration process at 90 days for non-payers

4. Project Execution (Weeks 8-20):

- Execute contractor agreements once sufficient funds collected

- Monitor project progress

- Process contractor payments per agreement

- Complete project and close out documentation

Condo Corporation Loan Implementation Steps

1. Preliminary Planning (Weeks 1-3):

- Obtain current reserve fund study if needed

- Prepare financial documentation (3 years statements, current budget, reserve fund balance)

- Develop project scope and budget

- Contact 3-5 potential lenders for preliminary discussions

2. Formal Applications (Weeks 4-6):

- Submit applications to 2-3 most promising lenders

- Provide all requested documentation

- Respond to lender questions

- Arrange building tours if required

3. Lender Selection (Weeks 7-8):

- Compare term sheets from approved lenders

- Evaluate total cost, interest rate, amortization, covenants

- Pass board resolution selecting lender

- Engage legal counsel for document review

4. Legal Documentation (Weeks 9-12):

- Lawyer prepares loan agreement, security documentation, board resolutions

- Board reviews and approves final documents

- Arrange signing (in person or electronic)

- Submit documents for land titles registration

5. Closing and Funding (Weeks 13-14):

- Attend closing meeting (if required)

- Lender advances funds to corporation account

- Execute contractor agreement

- Establish monthly payment schedule

6. Project Execution and Ongoing Administration (Months 4-16):

- Monitor project completion

- Process contractor payments from loan proceeds

- Make monthly loan payments on schedule

- Provide annual reporting to lender per agreement terms

Getting Professional Support

Both funding mechanisms benefit from professional guidance:

For Special Assessments: - Legal counsel to review bylaws, prepare notices, and register liens if needed

• Accountant to track payments and ensure proper financial recording

• Management company to handle day-to-day administration

  
  

For Condo Corporation Loans: - Real estate lawyer experienced in condominium lending

• Accountant to prepare financial documentation and review loan terms

• Reserve fund study professional to provide current study if needed

• Management company to coordinate application process

The professional fees for either option (typically $3,000-$8,000, depending on complexity) represent sound investments in proper execution and risk reduction.

Services We Specialize In

We provide a comprehensive range of services to meet our clients' needs. Some of the key services offered include:

• Reserve Fund Studies

• Capital Reserve Forecast

• Commercial Property Inspection 

• Maintenance Strategy Program

• Opinion of Cost Report

• Property Condition Assessment

• Triple Net Lease Assessment

• ACA Compliance and Accessibility Survey

• Condo Document Review

• CondoDoc Report

  
  

Serving Edmonton and Beyond

Locations We Proudly Serve

Brookstone Inspection is headquartered in Edmonton, AB. We provide reserve fund study services to various locations, including:

• Edmonton, AB

• Okotoks, AB

• Leduc, AB

• Sherwood Park, AB

• Fort Saskatchewan, AB

• Beaumont, AB

• Cochrane, AB

• Spruce Grove, AB

• St. Albert, AB

• Red Deer, AB

• Airdrie, AB

• Chestermere, AB

• Calgary, AB

By choosing Brookstone Inspection, clients benefit from our commitment to accuracy and reliability. Contact us today to learn how our services can assist you. Ready to prevent special assessments? Get a Quote