RESERVE STUDY REQUIRED

All associations, regardless of size, are required to prepare a reserve study. There are two exceptions to the requirement:

• No Common Area Repairs. No study is required if an association has no common area components that require repair or replacement. Civil Code §1365.5(h)

• Commercial Developments. Commercial and industrial common interest developments are exempt from reserve requirements. Civil Code §1373

For a list of companies that specialize in providing reserve studies for community associations, see our Service Directory.

Updated by ADAMS KESSLER 5/17/2008