Valorem can assist you with all of your special requirements for Reserve fund planning, assets, and alternative investments for financial reporting, taxes, and other purposes. When companies require an objective and independent assessment of value, Valorem can provide these services.
Reserve Fund Planning
Established by the Condominium Act of 1998, every condo corporation in Ontario is required to set up a reserve fund plan, ensuring that it is adequate to pay substantial repairs, common elements replacement, and any assets of the corporation as they age. In the province of Québec, Law 141 was adopted in 2018, while Law 16 was adopted later, in the year 2020.
At Valorem, we know how to assist your building to get an accurate forecast and avoid the harmful pain of withdrawing a high amount of money at one time when the problem comes. Keep your aging assets and critical repairs on track.
Planning a budget for a condominium corporation’s needs will help to avoid high maintenance and repair expenses.
Contact us today – Let us explain how this by-law works and how we can help.
The Asset Management service at VALOREM is responsible for the strategic planning and budgeting necessary to optimize the value of our clients’ portfolios of multi-family, offices, institutional, commercial, and assisted living real estate investments.
The objective of Asset Management is to protect and increase each asset’s long-term value while optimizing each property’s current operating and financial performance. Valorem will play a key role in developing and executing both portfolio and property-specific value creation strategies; creating budgets for each asset, and evaluating assets’ financial and operating performance against its market conditions and budget. We can equally assist with the evaluation of business strategies for new acquisitions and provide periodic reporting on asset performance to our clients, mortgage lenders and senior management.