Commercial Split Reserve Studies

Many condominium and cooperative properties have commercial, multi family and retail components that share components with the residential unit owners.

 

Outlining the percentage of responsibility per component allows an association to determine appropriate split costs and appropriately allocate funding based on that split.

Timeline

  • Property Analysis
  • Board Conference
  • By-Law Analysis
  • Site Inspection
  • Component Cost Allocation
  • Split Reserve Study Draft Delivery Conference
  • Funding Plan Alignment
  • Yearly Update

Utilization

Our expert site analysis team and report creation team work to craft a reserve study that apportions the appropriate reserve costs by percentage of component use to each responsible party in the property.