Tag: Reserve Study Laws

How often should a Reserve Study be updated?

How often should a Reserve Study be updated?

A Reserve Study is a budgeting tool that assess the financial and physical health of associations. One of the responsibilities of the Board of Directors, is to act in good faith and in the interest of and for the benefit of the association. This would include managing association financial matters today and in the future.…

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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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