Glossary
Reserve fund
Money set aside for the major repair and replacement of the common elements. It is a separate fund with its own balance, not a line inside the operating account.
Jurisdiction record
What it is called where you are
Ontario
- Reserve fund under the Condominium Act, with a reserve fund study behind it.
Florida
- Reserves, with a reserve study and, for certain condominium buildings, a structural integrity reserve study.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.