The 5-Years Reserve inspection is required by Florida House Bill 995 to identify required maintenance, useful life, and replacement cost of the common elements in condominium buildings higher than three stories. This inspection is required every five years, with the purpose of identifying and qualifying condition and remaining life, or deferred material maintenance of the property system, components, or equipment. The walk-thru includes the following systems; structure, roof, envelope, storm water, paving and curbing, parking, flatwork, plumbing, air-conditioning and ventilation, electrical, elevators, life safety, fire protection, interior common elements, and amenities. The evaluation of the life expectancy is essential to calculate the remaining life in the Reserve report. The Five-years Reserve report will include condition and life expectancy of the structure, roof, envelope, storm water damage, paving and curbing, parking, flatwork, plumbing, air-conditioning and ventilation, electrical, elevators, life safety, fire protection, interior common elements, and amenities.
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Maintenance Planning of Structure, Roof, Mechanical, Electric, Fire Protection, and Plumbing systems
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The Turn-Over Assessment is used to identify and qualify physical deficiencies including conspicuous defects, elements that are under expected durability, or deferred material maintenance of the property system, components, or equipment. The inspection excludes deficiencies that may be remedied with routine maintenance, miscellaneous minor repairs, normal operating maintenance, and items that cost less than $10,000 in accordance to Florida Statues Chapter 718. The Turn-Over Assessment includes visual inspection walking on the common areas observing the following systems as may be applicable; grounds, structure, roof, envelope, topography, storm water damage, paving and curbing, parking, flatwork, plumbing, air-conditioning and ventilation, electrical, elevators, life safety, fire protection, interior common elements, and amenities. The Turn-Over Assessment report will include condition and life expectancy of the structure, roof, envelope, topography, storm water damage, paving and curbing, parking, flatwork, plumbing, air-conditioning and ventilation, electrical, elevators, life safety, fire protection, interior common elements, and amenities. The life expectancy is essential to calculate the remaining life in the future Reserve Study for Maintenance Assessment. The report will include list of deficiencies and Engineer's budget for repairs.
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