This guide examines Maintenance reserve specifically through the lens of “Resale and Exit Review”, using the official rule and evidence that belong to this topic rather than expanding into adjacent subjects.
Official facts that control the topic
The first substantive rule for “Resale and Exit Review — Maintenance reserve” is this: A maintenance reserve finances future common expenses or major works and should be distinguished from ordinary monthly aidat and from personal liabilities unrelated to the unit.
Applied specifically through the “Resale and Exit Review” lens to Maintenance reserve, the official position is more precise: The Condominium Ownership Law ties owners’ contributions to common expenses, management rules and resolutions, so the source, purpose and collection basis of a reserve should be traceable to a resolution or operating project. A large cash balance does not automatically mean that all planned repairs are funded; committed contracts, earmarked works and any new funding resolution have to be identified.
What this review changes
An exit review asks how Maintenance reserve will look to the next buyer, bank or adviser, not only to the current owner. An issue tolerated during ownership can become a transaction blocker at resale, financing or transfer.
Read these items through the eyes of the next buyer or lender: resolution establishing/increasing the reserve, allocation formula, bank statement, available balance, committed contracts, planned works and any additional-funding resolution. Ask whether they are clear, current and tied to the same property, and whether a gap or obligation will need to be resolved.
Resale review is not a promise of price; it identifies whether Maintenance reserve can create delay, cost or additional negotiation when the owner exits.
Documents and data that must reconcile
For “Resale and Exit Review”, the key evidence is: resolution establishing/increasing the reserve, allocation formula, bank statement, available balance, committed contracts, planned works and any additional-funding resolution
Scope boundary
Because this record is limited to “Resale and Exit Review”, its boundary matters: A reserve balance is not a technical assessment of building condition; structural or fire-safety needs require separate technical evidence.