Contingency Fund Study
A detailed financial and physical analysis for condo syndicates to project long-term maintenance and replacement costs of common portions.
Service Overview
Are you managing a co-ownership property in Quebec?
Under Bill 16 (Loi 16), condo syndicates are legally required to establish and maintain an adequate contingency fund based on an estimated cost of major repairs and replacement of common portions.
Our comprehensive Contingency Fund Study (Étude du fonds de prévoyance) provides a clear, professional assessment to ensure your syndicate remains compliant and financially secure.
Contents
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Regulatory Requirements (Bill 16)
- A contingency fund study must be conducted every 5 years
- The study must be prepared by a qualified professional
- It must evaluate the lifespan of common portions and estimate replacement costs
- Syndicates must adjust their contingency fund contributions based on the study's recommendations
Our Methodology
- Document Review: Analysis of the declaration of co-ownership, cadastral plans, and previous studies.
- On-site Inspection: Visual assessment of all common portions (roof, envelope, structural elements, mechanical systems).
- Lifespan Assessment: Determination of the remaining useful life of each component.
- Cost Estimation: Calculation of current and future replacement costs factoring in inflation.
The Financial Projection
- Detailed inventory of common portions
- Year-by-year cash flow projections (typically over a 25 to 30-year horizon)
- Recommended annual contribution scenarios
- Identification of potential funding shortfalls and strategies to mitigate them
Why Choose Us
- Compliance with all Bill 16 requirements and guidelines
- Clear, actionable reports designed for condo boards
- Expertise across all types of co-ownerships (residential, commercial, mixed-use)
- Long-term support and updates for future 5-year cycles
Ensure your syndicate is compliant and financially prepared. Request a quote for your Contingency Fund Study today.
Our Inspection Process
We follow a rigorous, step-by-step methodology to ensure that every aspect of your property is evaluated with precision.
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Consult Your Inspection Expert
Discuss your situation with a qualified inspector or expert before the visit.
Inspection or Expert Analysis
A complete on-site inspection or technical evaluation is performed.
Report
Receive a detailed report with photos, findings, and recommendations.
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Frequently Asked Questions
Everything you need to know about our contingency fund study service.
Contingency Fund Study in Montreal, Laval & South Shore
When it comes to contingency fund study in the Greater Montreal area, local expertise is non-negotiable. Our certified inspectors understand the specific building codes, climate challenges, and architectural nuances of Montreal, Laval, and the South Shore.
By adhering to stringent provincial standards, we ensure that your contingency fund study provides a transparent, factual, and comprehensive evaluation of the property. This empowers buyers, sellers, and property owners to make informed, secure decisions.
Why Choose Radar Inspection?
Certified Local Experts
Our team has over 15 years of experience specifically inspecting properties across Greater Montreal and surrounding regions.
Detailed Digital Reports
Receive a comprehensive, photo-rich report within 24 to 48 hours, detailing every finding in clear, actionable language.
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