Terms & Definitions
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Property Reserve Planning
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Frequently Asked Questions (FAQs)
What is reserve study?
Why should we have a reserve plan?
Is a Reserve Plan required by law?
When should we complete a reserve study?
What makes a component a “Reserve Expense” rather than an “Operating Expense”?
How should these reserve funds be accounted for?
What sort of financial problems can homeowner associations encounter with inadequate reserve funds?
Can poorly managed reserve funds affect the sale of units?
After we have a Property Reserve Plan completed, what do we do with it?
How often do we update or review the Reserve Study?
The Property Inspection
Can we have a Reserve Study completed for our ‘Single family detached’ home?
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