Written by
Patrick Gautreau T.P
Published on
17/10/2025
Reading time
2
min
Bill 16 – Contingency Fund and Maintenance Log: Your Best “Dashboard” for Prevention
Anticipate your condominium's needs and avoid unpleasant surprises with a contingency fund study and a well-structured maintenance log.
An effective “dashboard” for a condominium must anticipate needs, optimize resources and ensure the building's long-term durability. A thorough contingency fund study and the creation of a maintenance log meet these objectives perfectly.
Contingency fund study
This study estimates the costs of major repairs and replacement of the common portions over a 25-year period. It determines the annual contributions required to build a fund large enough to cover these costs. By anticipating future expenses, it helps prevent financial surprises and ensures the building's long-term durability.
Maintenance log
The log traces the history of work completed and work to come, allowing for proactive management. It includes a list of the common portion components and the maintenance contracts, which makes it easier to plan interventions. It serves as a guide for tracking preventive maintenance tasks, thereby extending the service life of components.
How do these two tools form an optimal prevention dashboard?
The contingency fund study and the maintenance log provide a comprehensive view of the building's condition and its future needs. By regularly monitoring the condition of components and equipment, anomalies can be detected quickly and addressed before the situation deteriorates.
In addition, by planning work ahead, the condominium sometimes benefits from better pricing and, above all, avoids emergency interventions, which are often more expensive. Co-owners can then have peace of mind knowing that their property is maintained and secure for the long term.
In conclusion
A thorough contingency fund study and the creation of a maintenance log are the best way to prevent malfunctions, optimize spending and ensure the long-term durability of a condominium. Together, they turn building management into a proactive, forward-looking process.
For more information, contact us to receive our Bill 16 service offer. This offer is free and provides a summary of the documents and follow-up tools available for your syndicate.
For any questions or information about our services:
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