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HOA Reserve Fund Laws: A Beginner’s Guide

HOA Reserve Fund Laws: A Beginner’s Guide

This article provides a brief guide about hoa reserve fund laws. You will find answers to common questions such as: Is a reserve fund required? How can we spend reserve funds? Is there a law requirement for how much should be in the reserve fund account? HOA reserve fund laws vary by state. This article…

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What is Percent Funded?

What is Percent Funded?

Do we have enough or too much money in our reserve fund account? This is a very common question board members and homeowners ask. In this article we will explain what percent funded level is and how to understand how it applies to reserve strength. First, if you don’t already have a Reserve Study, you…

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Reasons to Contribute to A Reserve Fund

Reasons to Contribute to A Reserve Fund

When it comes to adopting an operating budget, reserve contributions are far down on the list of items to include. A typical operating budget will include things like; utility bills, insurance premiums, landscaping maintenance, and management fees. Unfortunately, reserve contributions are viewed as something that can only be done if the association generates an end-of-year…

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Do Water Lines Belong In A Reserve Study?

Do Water Lines Belong In A Reserve Study?

When deciding whether a common area item belongs in a reserve study, refer to The National Reserve Study Standard four-part test: Is this item Association responsibility? Does this item have a limited useful life expectancy? Does this item have a predictable remaining useful life? Is the cost above a minimum threshold? Part 1: See your…

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How to Read A Reserve Study in 3-Steps

How to Read A Reserve Study in 3-Steps

Over the years we’ve helped hundreds of clients prepare and plan for future expenditures with Reserve Studies. Reserve Studies serve as a “Road Map” to guide an association through the ups and downs of the uncertain future. However, understanding a Reserve Study is not always the easiest thing to do. Most Reserve Studies are approximately…

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