Our team prepares reserve fund studies for Alberta homeowners' associations and residential community associations. The Condominium Property Act does not require these studies. Your bylaws or restrictive covenants do.
Brookstone Engineering prepares reserve fund studies for Alberta homeowners' associations and residential community associations. An HOA reserve fund study inventories the common assets the association maintains, records condition and remaining life, and sets out a multi-year funding plan the board can use when it sets contributions. Alberta condominium corporations follow the Condominium Property Act. Homeowners' associations are not condominium corporations, and that Act does not require them to commission a reserve fund study. Whether a study is called for, and any update interval, is set by the association's own bylaws or restrictive covenants. Our team does not treat an HOA engagement as a condominium study and does not apply a five-year statutory cycle the association is not under. Typical common assets include lakes and liners, entrance features, fencing, landscaping, park and playground equipment, pathways, clubhouses, and stormwater ponds. A typical engagement includes a site assessment of accessible association-maintained assets, a P.Eng.-stamped report, a 30-year capital reserve expenditure and cash-flow model, a multi-tier assessment schedule, and a maintenance-responsibility matrix. Municipally owned infrastructure, individual lots and houses, and unassumed developer phases stay out of a typical scope. Each study is prepared by our APEGA-licensed Professional Engineers under permit P017104. Associations comparing condominium services in Edmonton can read the Edmonton reserve fund study page. Request a quote at the HOA quote form and our team will reply with a fixed-fee proposal. Contact info@brookstoneinspection.com or call 587-333-5530.
No. Alberta's Condominium Property Act applies to condominium corporations. A homeowners' association or residential community association is not a condominium corporation, and that Act does not require it to commission a reserve fund study. Our team does not apply the condominium study schedule to an HOA engagement. If your bylaws or restrictive covenants call for a study or name an update interval, we follow those documents.
Your own bylaws, articles, and registered restrictive covenants are the documents that can require a reserve or a study. Some associations have a clear covenant. Others ask because the board wants a funding plan before it sets contributions. Our team reads what you provide and scopes the work to it. We do not invent a statutory duty the association does not have. Periodic reviews are a planning practice, not a condominium filing.
A condominium corporation comes from a registered condominium plan and is governed by the Condominium Property Act, including that Act's reserve-fund rules. An Alberta homeowners' association or residential community association is a separate body, often a society or a company, responsible for shared community assets under its bylaws and covenants. The two can exist in one neighbourhood. A study for one is not a study for the other, and our team does not treat them as the same engagement.
We inventory the assets the association maintains. On Alberta communities that often includes lakes and lake liners, entrance features, fencing, landscaping, park and playground equipment, pathways, clubhouses, and stormwater ponds. The quote is the scope. A typical study leaves out municipally owned infrastructure, individual lots and houses, and unassumed developer phases. If your covenants put one of those in the association's care, say so in the quote request and our team will address it in the proposal.
A typical engagement includes a P.Eng.-stamped report, a 30-year capital reserve expenditure and cash-flow model, a multi-tier assessment schedule, a maintenance-responsibility and asset-boundary matrix, and an AGM brief. The quote confirms the set. Our team inspects accessible association-maintained assets, then reviews a draft with the board before the final report. You can also open the sample HOA report on this site to see the kind of document the board receives.
Our team of APEGA-licensed Professional Engineers prepares the study. Brookstone Engineering, Brookstone Inspection Services Ltd., holds APEGA permit P017104. The report is an engineering document for your board. It is prepared for the association under its bylaws and covenants. It is not held out as a condominium reserve fund study under the Condominium Property Act.
Use the quote request on this page. The form opens with homeowners' association selected. Tell us the legal name, the community, and the number of lots. Our team replies with a fixed-fee proposal. There is no hourly billing. You can also email info@brookstoneinspection.com or call 587-333-5530 and we will send you into the same request.
Yes. Our team works with homeowners' associations across Alberta, including Edmonton and the surrounding communities. The Edmonton reserve fund study page on this site describes condominium studies in that city. Use this page for an HOA or residential community association, then request a quote so the proposal is scoped to the association rather than to a condominium plan.
Request a quote for a Reserve Fund Study from Brookstone Engineering.