can flag

Serving Canadian Buyers

 
 
 
 
 
 
Back
RealAgents.com | Find Your Dream Home, Agent & Mortgage > Blog > Real Estate Glossary > What is a Replacement Reserve Fund?

What is a Replacement Reserve Fund?

Craig MacDonald, CEO - RealAgents.com
no responses
0
Glossaryheaderadvert

A fund not used unless for the purposes of replacement of a common property in a condominium, cooperative project or PUD. These funds are typically for projects that are known to have a shorter lifespan and will need repairs/maintenance/replacement in the not so distant future, such as carpeting or furniture.

Tags
2tags

  • Categories

  • Property Search

  • Trending Posts

About us

Since most buyers are not equipped to vet an agent properly, they often hire REALTORS® without the confidence they want. RealAgents.com removes that burden by allowing them to focus on finding their dream home, while we focus on finding the right agent for you.  You are safe with us.

Main

Cities

Important Links

Request a FREE guide: "How to Find, Vet & Hire the Right Agent for You"
Access Report
Social
Try a City, Neighbourhood, Province, Postal Code MLS® or RP Number
Copyright © 2020; All Right Reserved. Craig MacDonald is the CEO of RealAgents.com. He is a Licensed Canadian REALTOR® with Mac Homes Inc. and is actively trading in real estate. Not intended to solicit buyers or sellers currently under contract. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA; and the trademarks MLS®, Multiple Listing Service® and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.