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Why reserve studies are important..

Why reserve studies are important..

What does a reserve study do for our association?! The reserve study is a budget planning tool that helps you understand the financial position of your association, and provides an understanding as to what options the association has moving forward. It not only identifies the current status of your reserve fund, it helps establish a […]

Washington State Reserve Study

Washington State Reserve Study

RESERVE STUDY WASHINGTON | WHAT YOU NEED TO KNOW Reporting and disclosure requirements are in place for both condominium (condo) and homeowner (HOA) associations in Washington State. An association’s board of directors must annually disclosure and provide a reserve fund summary (RCW 64.34.308, RCW 64.38.025) to it’s owners and/or members. The ‘seven part’ information summary should […]

Maryland’s Reserve Study Law

Maryland’s Reserve Study Law

We believe that all associations should use a reserve study to plan help for the future expenses they will invariably face.  Over the last five years a number of states have taken the proactive step in establishing requirements for reserve studies. The latest addition to the list of states considering the introduction of reserve study […]