vedligeholdelsesreserve
Vedligeholdelsesreserve is a Danish term that translates to "maintenance reserve" or "maintenance fund." It refers to a sum of money set aside by a property owner, typically a housing association or condominium owner, specifically for future maintenance and repairs of the building and its common areas. The purpose of a vedligeholdelsesreserve is to ensure that funds are available for necessary upkeep without the need for special assessments or unexpected large payments from individual owners when a repair or replacement becomes necessary.
The amount contributed to the vedligeholdelsesreserve is usually determined by the property's governing documents, such as
Proper management of the vedligeholdelsesreserve is crucial for the long-term financial health and physical integrity of