Fee & Reserve Check
Check whether your maintenance fee makes sense
Upload your budget and Reserve Fund Study. We compare your fee with what the building's documents show.
PUBLIC BETA Your report is free during the public beta. No credit card required.
$24.99 CAD total
What we need from you
- Current approved budget
- Reserve Fund Study and funding plan
- Latest audited financial statements
Additional documents can make your report more complete.
- Fee schedule or statement
- Status Certificate
- Engineering or building-condition report
- Other documents from the corporation
You will not be asked to pay until the required documents have been accepted.
The report reads the documents. It does not inspect the building.
Your report
Your documents
You sent the fee schedule, not the approved budget. Your report will not compare this year's reserve contribution with the study's recommendation. If you have the budget, add it above.
Your documents are not ready yet
We could not find the following information:
Use our document guide to request what is missing. You can return and continue after you receive it. You have not been charged.
Your required documents are ready.
Your beta spot is confirmed.
Your required documents were accepted.
No payment is needed for this report.
The free beta spots are not available right now. You can still get your report for $24.99 CAD total.
Optional documents
Each one can make the report more complete. None is needed to continue.
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Current approved budget Not uploaded
The budget the board approved for {year}. It shows the reserve fund contribution.
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Reserve Fund Study and funding plan Not uploaded
The latest Reserve Fund Study, with its funding plan for {year}.
Reserve Fund Study
If the funding plan (the Notice of Future Funding) is a separate file, add it here too.
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Latest audited financial statements Not uploaded
The most recent audited statements, for a year ending no more than two years before {year}.
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Declaration Not uploaded
The Declaration's schedule of proportions. It shows each unit's share of the common expenses.
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Fee schedule or statement Not uploaded
A fee schedule or a statement showing the unit's monthly fee.
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Status Certificate Not uploaded
The Status Certificate for the unit, if you have one as its own file.
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Engineering or building-condition report Not uploaded
For example a garage, balcony, roof or building condition report.
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Other documents from the corporation Not uploaded
A special assessment notice, an AGM package, a board notice or a quotation for capital work.
Periodic Information Certificate
AGM package or meeting materials
Notice to owners about capital work
Quotation or cost estimate for capital work
We're ready to prepare your report.
You have not been charged yet. Please check these points, then continue to the secure payment page.
- Price: $24.99 CAD total for this check.
- Your report is prepared from the documents accepted above. After payment, the documents and your answers cannot be changed.
- When your report is ready, you can open it online for 30 days and download it as a PDF.
- This is not legal advice, legal representation, an engineering opinion or a physical inspection.
Where should we send your report?
We will email you a link to your report when it is ready.
We use it only to send your report.
Your report is prepared from the documents you uploaded. After you start, they cannot be changed.
Fee & Reserve Check cannot guarantee that the reserve fund will be sufficient in the future or predict whether a special assessment will be required. But it can show how your current maintenance fee compares with the same calculation using the reserve contribution in the corporation’s own Reserve Fund Study, and show the difference in dollars and percentage.
Frequently asked questions
What documents do I need for an Owner check?
Three documents from your condo corporation: the current approved annual budget, the latest Reserve Fund Study and funding plan, and the latest audited financial statements. You also type in your unit number, your monthly maintenance fee and your unit's share of common expenses.
What if I don't know my unit's share of common expenses?
Leave it blank and upload your condo's Declaration instead. The report reads your share from it. You can also ask your property manager what percentage of the common expenses is allocated to your unit.
What optional documents can I add?
Proof of your current fee, a Status Certificate, an engineering or building-condition report, a special assessment notice, a major-project report, a previous budget or audit, or a relevant board notice. None of these is required. Each one can make the report more complete.
What does the Owner report show?
It compares your current fee with a calculated amount based on your unit's share of the approved budget and the reserve contribution your Reserve Fund Study sets for the year. It shows the difference in dollars and as a percentage. It also compares the budget's reserve contribution with the study, and lists the major work the study plans. Each figure is marked as from the documents, calculated, an assumption or not established, with the document and page it came from.
What can't the report tell me?
The calculated amount is not the legally correct fee. It does not predict future fees or a special assessment. If a document is missing, cannot be read or does not state a figure, the report says Not established instead of guessing. Fee & Reserve Check is document analysis by software. No person checks the report. It is not legal advice, legal representation, an engineering opinion or a physical inspection.
How much does an Owner check cost, and when do I pay?
$24.99 CAD total. You pay only after your documents have been checked and accepted. If they are not ready, you are not asked to pay. When your report is ready, you can open it online for 30 days and download it as a PDF to keep.