What is a CRFS (Contingency Reserve Fund Study)

A Contingency Reserve Fund Study is a report that may be more common in the future as Strata Councils are faced with the challenge of planning and budgeting for future building maintenance. The document rates the condition of every component of the building from the building envelope and roof to the plumbing and electrical systems. The CRFS will then attempt to assign a cost to replace each of these building components and systems before they fail.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.