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A renewal involves the process of undertaking the systemic reconstruction and/or replacement work needed due to the normal wear and deterioration of aging components reaching the end of their service life.

A renewal plan involves the sustainment of a development’s common assets.

A renewal plan leads to a remediation project and differs from a rehabilitation project, as the latter is associated with premature failure due to lack of maintenance.

A renewal also differs from a renovation, that is the process of improving or changing components due to performance or occupancy requirements, rather than to premature or service-life failures.

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.