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Effective Age

Effective age is a performance based measure of the difference between the expected lifespan and the remaining lifespan of a component or system – how long is is supposed to last minus is current age, adjusted for its condition to be either younger or older, depending on a series of factors.

Differs from chronological age as some components and/or elements age differently based on maintenance, repairs and replacement cycles.

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.