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Component Inventory

The point-in-time result of selecting and quantifying reserve components for reserve fund planning.

This task can be accomplished through on-site visual observations, review of strata corporation design and organizational documents, a review of established strata corporation precedents, and discussion with appropriate strata corporation representative(s).

The inventory of components is valid until the next depreciation report exercise in three-years’ time.

The scheduled expenditures for the components in the inventory only require a simple-majority 50 percent vote at an Annual General Meeting.

About Author: Jean-François

With experience gained in construction, project management, field reviews, inspections, report writing and as strata president, J.-F. has cross-industry expertise guaranteeing that you will participate in a process geared to improving the corporation's finances and to setting the condo | strata board | council's planning to stand the test-of-time.