Utah Reserve Study
Salt Lake Reserve Study Requirements
Sections 57-8-7.5 and 57-8a-211 of the Utah Code introduced changes to how homeowners associations and communities in Utah manage their common property. Both sections focus on the need for communities to regularly review and update a reserve study. New requirements call for associations to review a reserve study at least once every third year and conduct a new study no less that once every six years. The legislation also sets requirements for how to present the outcomes of your reserve study and the type of information that should be included within each report or study. Changes to the Condominium Ownership Act (Chapter 8) and the Community Association Act (Chapter 8a) have renewed the focus on reserve funds and common area responsibilities.
Providing reserve studies throughout UTAH, COLORADO & ARIZONA.
Reserve Study Legislation
CONDOMINIUM OWNERSHIP ACT | SECTION 7.5
COMMUNITY ASSOCIATION ACT | CHAPTER 8A PART 2 SECTION 211
Utah State Reserve Study Professionals
Our team of reserve study professionals work withassociations throughout Utah State.