CONDOMINIUM AND ASSOCIATION
Create your Reserve Study, Budget and Financial Analysis
RESERVE STUDY REQUIREMENTS
California Civil Code 5300 and Civil Code 5560 require that every association must annually adopt and disclose the Reserve Funding Plan. Typical Reserve Studies have a 30-yr Funding Plan.
Civil Code 5300 requires a full Summary of the Reserve Study be included in the annual budget report. California Civil Code 5570 defines the annual Assessment and Reserve Funding Disclosure.
The Civil Code requires in-person site every three years, while this should be done by a professional, the code is not clear on this requirement. Homeowners in small associations, with certain qualifications, can prepare their own reserve study by using the format available here. It is highly recommended that Reserve Study professionals be used for the official association Reserve Study.
The format here can help provide analysis of the data for the benefit of the homeowners.
-
California Association of Homeowners AssociationsDedicated to: "Strength in unity and the value and enjoyment of property". Click here to get in touch with our experienced HOA consultants!
-
Membership Program
Elevate your HOA experience with our exclusive membership services. Unlock access to legal expertise, resources, and guidance tailored to your association's needs. Join now to safeguard your community's interests.
-
Election Services
Ensure fair and lawful elections for your HOA board. Explore our specialized election services designed to streamline the process and uphold the integrity of your community's leadership. Secure your next election with our expertise.
-
Newsletter
Stay informed and empowered! Subscribe to our HOA legal newsletters for the latest updates, case studies, and insights. Knowledge is key - sign up now to receive valuable information directly to your inbox.
