Q. I am on the board of directors of a mid-rise condominium association. For at least the last 20 years, the association has not had a reserve study. The current board is split as to whether to ...

Last time I explained why the need for a Reserve Study exists. This time, some ideas of what you should have in one. First, as a reminder, a reserve study is simply a better budget planning tool that ...

A: The reserve fund is established so that the homeowners association (HOA) can build up money to offset the ongoing deterioration of common area components included in the HOA’s reserve study. If the ...

A Tampa condo roof caves in mid-hurricane season. No reserve fund. No backup plan. Just angry emails, emergency fees, and a board scrambling to stay afloat. Now flip it: same storm, but the fix is ...

Q: Our homeowners association will be having a reserve study soon. There is very little useful information about reserve study specialists to be found at the Nevada Ombudsman's office. Is there a list ...

Many people have heard the stories of common areas within planned communities falling into neglect. That’s why the Delaware Uniform Common Interest Ownership Act (DUCIOA) now mandates that all planned ...

Q: My homeowners association is planning for our 2020 budget but will not meet the minimum contribution requirement as written in our recent reserve study. Our study requires a minimum of $40,000 per ...

Q. I am a new treasurer of a small condominium association in the Lincoln Park area. We just completed the first reserve study since these buildings were converted in the 1980s. Not only is the ...

The deadly building collapse of Champlain Towers South forced many condo owners to start asking questions. The disaster also highlighted a need for change. Starting in 2025, state law will require ...