Yearly Archives: 2020

All of our reserve studies contain the chart above with 6 different funding scenarios.  This is a very helpful tool when an association is planning their budget.  The chart shows 6 different reserve contributions for the upcoming year.  It then projects what their percent funded will be for the next 15 years for each contribution.  [...]

In 2019 SB 326 was passed which requires HOA's and condominiums to inspect their balconies at least every 9 years.  The findings of the inspection must be incorporated into the reserve study.  In some cases if the inspector finds damage repairs will need to be made.  Since this is still a brand new law there [...]