What Every Buyer Needs to Know About the New Condo SIRS Reserve Requirements
Posted by Andrea Webb on
What Every CONDO Buyer Needs to Know - the New Condo SIRS Reserve Requirements
If you're considering purchasing a condominium, it's essential to be aware of the new Structural Integrity Reserve Study (SIRS) reserve requirements. These regulations are designed to ensure that condo associations have adequate funds set aside for critical repairs and maintenance, particularly those related to the structural integrity of the building. In this blog post, we'll explore what the new SIRS reserve requirements entail, why they were implemented, and what they mean for prospective condo buyers. Understanding these changes can help you make an informed decision and avoid potential pitfalls in your condo purchase.
What Are SIRS Reserve Requirements?
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