Why retain the services of a professional management firm?

- To alleviate the work of the co-ownership Directors and/or commercial and rental building owners
- To achieve continuity in condominium and building management
- To ensure efficient and standardized management of all documents, archives, files, contracts and
   financial statements
- To offer a standardized secretarial and correspondence service
- To provide immediate response to telephone calls
- To ensure supervision of maintenance work
- To provide a 24-hour service, 7-days a week
- To ensure common charges (condo fees) and rental perception

Because the insurance coverage must represent 100% of the replacement value of the co-ownership/building.  An appraisal by a certified appraiser, member of the Corporation des évaluateurs du Québec, will indicate the value of the property for insurance purposes and whether the building has been accurately appraised.

The reserve fund is a replacement program established to allow the budget forecast of monies which may be needed for the replacement or repairs of certain building elements.  If well planned, it becomes a useful tool for the co-owners and it avoids the need for special assessment fees or loans when major work is necessary.