Asset Management Plan
Divided into three levels, the asset management plan is essential for maintaining any property in excellent condition and is an effective tool for managing expenses incurred or to come for future maintenance.
These three levels are: Contingency Fund Study, Common Area Receipt and Maintenance Log.
- The contingency fund study focuses on major repairs and maintenance of the property. It therefore allows the building manager to better establish the budget and the allocation of future expenses;
- The receipt of the common areas by the Syndicate of Co-owners after a pre-acceptance inspection by the Syndicate, a building professional appointed by it and the contractor;
- And finally, the interview booklet which establishes a calendar of upcoming interviews and includes important information identifying the building, the identity of the Syndic in force as well as copies of the contracts necessary for the proper management of the building’s assets.