Sinking Fund (Reserve Fund)

التعريف

ينشر فريقنا الاستشاري هذه الإجابات التفصيلية باللغة الإنجليزية.

A reserve fund accumulated by apartment buildings through monthly contributions from residents to cover major maintenance, renovations and repairs. The sinking fund ensures the building can address expensive repairs without special levies or emergency contributions. Fund management and transparency are typically overseen by the property manager and residents committee.