Reserve Study and Reserve Fund Resources

State-specific HOA reserve and governance compliance guidance.

Bring in reserve fund components so the board can understand funding and compliance.

Reserve study software ranked for HOA boards in 2026. Covers reserve study firms that produce the report and platforms that track implementation.

Best tools for tracking HOA reserve funds, percent-funded status, and Fannie Mae compliance in 2026. Ranked for volunteer boards.

HOA fund commingling explained: why mixing reserve and operating funds is illegal in most states, what courts have ruled, and how software prevents it.

HOA reserve funds pay for planned capital replacements. Learn how to calculate adequate contributions, what below 30% funded means, and why fund separation is

HOA reserve study costs range from $500 for a desktop update to $8,000 for a full on-site study. Learn what drives the price and when each type is appropriate.

A reserve study is a physical and financial analysis that tells your HOA how much to save for future repairs. Learn what it includes and why it matters.

Condo reserve studies are more complex than HOA studies—elevators, roofs, and shared systems require deeper analysis. Learn requirements, costs, and what

Fannie Mae LL-2026-03 sets two HOA deadlines: Limited Review retired Aug 2026, 15% reserve allocation required Jan 2027. What boards must do now.

HOA reserve fund compliance guide: state requirements, Fannie Mae thresholds, percent-funded explained, and how to keep your association warrantable.

Everything HOA boards need to know about reserve studies: requirements, cost, how to read one, and how to use it to set annual reserve contributions.

Tracking every state that has passed or proposed HOA reserve fund legislation since the 2021 Surfside collapse, including bill numbers, requirements,...

How HOA boards should evaluate reserve study software. Covers component tracking, funding projections, and integration with fund accounting.

California Civil Code §5550-5580 requires HOA boards to conduct reserve studies every three years, disclose funding status in the annual budget report, and...

Colorado HB24-1233 amended CCIOA to require HOA reserve studies every five years, written funding plans, and annual reserve disclosures. Boards that miss...

Florida §553.899 requires milestone inspections for buildings three stories or taller by age 30 (25 years in coastal areas). Learn how milestone inspections...

A plain-language summary of Hawaii Chapter 514B reserve fund mandates, mandatory reserve study requirements, DCCA registration obligations, and what condo...

Illinois condo boards must comply with 765 ILCS 605/18 reserve fund rules and annual budget obligations. Common interest communities face parallel duties...

Massachusetts M.G.L. c.183A requires condo boards to maintain a reserve fund, adopt an annual budget with a reserve line item, and meet strict trustee...

Nevada NRS 116.3115 mandates reserve studies, annual disclosures, and NRED registration for HOAs. Understand civil penalty exposure and how to stay compliant.

New Jersey condo and HOA boards must comply with the Condominium Act (N.J.S.A. 46:8B) and PREDFDA reserve disclosure rules. Learn what NJ law requires for...

North Carolina's Planned Community Act (G.S. Chapter 47F) governs reserve fund obligations, annual budget disclosure, and resale statement requirements for...

Texas Property Code Chapter 209 mandates financial transparency and records access for HOAs, but stops short of requiring reserve studies. Learn what Texas...

Virginia Property Owners Association Act (Code of Virginia §55.1-1800 series) reserve fund rules, resale disclosure packages, board fiduciary duty, and how...

Washington HOA and condo boards must maintain reserve studies under RCW 64.38 and RCW 64.34. Learn the mandate, update frequency, funding disclosure rules,...

Alabama HOAs are governed by the Alabama Homeowners Association Act (Ala. Code §35-20-1) and the Condominium Act (Ala. Code §35-8A-101). Reserve requirements...

Alaska condominium associations are governed by the Alaska Condominium Act (AS 34.07). Reserve requirements for condos apply. Learn what Alaska volunteer...

Arkansas HOAs are governed by the Property Owners' Association Act (Ark. Code §18-13-101) and the Horizontal Property Act. Reserve studies are not mandated,...

Arizona HOA boards must navigate reserve study requirements under ARS §33-1256 (condos) and budget disclosure rules under ARS §33-1803 (planned communities)....

California Civil Code imposes strict reserve fund and disclosure requirements on HOA boards. Separate accounts, triennial reserve studies, and annual budget...

Colorado's CCIOA requires HOA boards to adopt a written reserve study policy, but does not mandate an actual reserve study. Board members still face...

Connecticut's Common Interest Ownership Act requires common-interest community associations to maintain reserve funds and conduct reserve studies. The...

Delaware community associations are governed by the Uniform Common Interest Ownership Act (25 Del. C. §81-101), which includes strong reserve study...

Georgia HOA boards are governed by the Property Owners' Association Act (O.C.G.A. §44-3-220 et seq.). Reserve studies are not mandated, but fiduciary duty...

Florida's post-Surfside legislation created mandatory structural integrity reserve studies for condominiums 3+ stories, but HOAs under Chapter 720 are NOT...

Idaho condominium associations are governed by the Condominium Property Act (Idaho Code §55-1501) and the Common Interest Community Act (Idaho Code...

Hawaii's condominium statute requires reserve studies every five years and adequate reserve funding. Personal liability for board members is explicit in...

Illinois HOA boards must comply with the Common Interest Community Association Act (765 ILCS 160) and the Condominium Property Act (765 ILCS 605). Condo...

Iowa community associations are governed by the Iowa Horizontal Property Act (Iowa Code §499B) and the Iowa Condominium Act. Learn what reserve obligations...

Indiana's Homeowners Association Act (IC 32-25.5) and condominium law (IC 32-25) do not mandate reserve studies, but fiduciary duty still requires boards to...

Kansas HOAs are governed by the Uniform Common Interest Owners Bill of Rights Act (K.S.A. §58-4601). There is no mandatory reserve study, but fiduciary...

Kentucky community associations are governed by the Horizontal Property Act (KRS §381.810) and Common Interest Community Act. Learn what reserve obligations...

Louisiana condominium associations are governed by the Louisiana Condominium Act (La. R.S. 9:1121.101) and the Planned Community Act. Reserve studies are...

Maine condominium associations are governed by the Maine Condominium Act (14 MRS §1601-101) and the Planned Community Act. Learn what reserve obligations...

Maryland's HOA Act requires annual budgets with reserve disclosures, while the Condo Act mandates annual reserve studies for condominium associations....

Massachusetts condominium law requires reserve funding under Chapter 183A. HOAs governed by their declarations face reserve obligations set by those...

Michigan condo boards face reserve study requirements under the Michigan Condominium Act (MCL 559.101). Learn what self-managed boards must do to meet...

Minnesota common interest communities are governed by MINN. STAT. §515B (MCIOA), which includes reserve study and funding requirements. Learn what...

Mississippi condominium associations are governed by the Mississippi Condominium Act (Miss. Code §89-9-1). Reserve planning obligations apply under the Act...

Missouri HOA boards may be governed by the Uniform Common Interest Ownership Act (UCIOA) or older planned community statutes. Reserve study requirements vary...

Montana community associations are governed by the Unit Ownership Act (MCA §70-23-101) and the Common Interest Community Act (MCA §70-23A-101). Learn what...

Nebraska community associations are governed by the Nebraska Condominium Act (NEB. REV. STAT. §76-801) and the Common Interest Community Act. Learn what...

Nevada has some of the strictest HOA reserve fund laws in the country. NRS 116 requires associations to maintain reserves sufficient to repair and replace...

New Hampshire condominium associations are governed by the Condominium Act (RSA 356-B) and planned communities by the Planned Community Act (RSA 356-C)....

New Mexico HOAs are governed by the Homeowner Association Act (NMSA 1978, §47-16-1) and the Condominium Act (NMSA §47-7A-1). Learn what reserve fund...

New Jersey enacted S2760 (2024) requiring professional reserve studies every 5 years and S3992 (2025) mandating baseline funding. Self-managed boards face...

New York HOA and condo boards are governed by Real Property Law §339-v (condos) and the Business Corporation Law for cooperative corporations. Reserve...

North Carolina HOA boards must navigate the NC Planned Community Act (G.S. §47F) and NC Condominium Act (G.S. §47C). Condo associations face reserve study...

North Dakota condominium associations are governed by the North Dakota Century Code §47-04.1. The state has a smaller HOA market but fiduciary duties still...

Ohio HOA boards must navigate the Planned Community Law (ORC Chapter 5312) and Condominium Act (ORC Chapter 5311). Reserve studies are encouraged and...

Oklahoma HOAs are governed by the Oklahoma Homeowners Association Act (60 O.S. §851) and the Unit Ownership Estate Act. Reserve studies are not mandated, but...

Oregon's Planned Community Act requires annual budgets for HOAs, while the Condominium Act mandates reserve funds for condo associations. Governing documents...

Rhode Island condominium associations are governed by the Condominium Act (R.I. Gen. Laws §34-36.1) and the HOA Act (§34-36.4). Reserve study requirements...

Pennsylvania HOA boards must navigate the Uniform Planned Community Act (68 Pa. C.S. §5101) and Unit Property Act (68 Pa. C.S. §3101). Learn what...

South Dakota condominium associations are governed by the Condominium Ownership Act (SDCL §43-15A). Learn what reserve obligations apply to South Dakota...

South Carolina HOA boards are governed by the SC Homeowners Association Act (SC Code §27-30-10 et seq.) and the Horizontal Property Act for condos. Reserve...

Tennessee HOA boards are governed by the Tennessee Homeowners Association Act (T.C.A. §66-27-201 et seq.). Reserve studies are not mandated, but fiduciary...

Texas HOA boards face budget transparency rules and records access requirements under Property Code Ch. 204. Learn what self-managed communities must do to...

Utah's Community Association Act requires HOA boards to adopt annual budgets that include reserve funding. Associations above a certain size face reserve...

Vermont common ownership communities are governed by the Vermont Common Ownership Community Act (27 VSA §1301). Learn what reserve obligations apply to...

Virginia's Property Owners' Association Act requires annual budgets to include reserve fund disclosures. Many Virginia HOA governing documents go further,...

West Virginia community associations are governed by the Uniform Common Interest Ownership Act (WV Code §36B). Learn what reserve obligations apply to West...

Washington's Uniform Common Interest Ownership Act requires HOA boards to conduct reserve studies and review reserve funding annually. Volunteer boards in...

Wisconsin condominium associations are governed by WIS. STAT. §703, which requires reserve funds. Planned communities fall under WIS. STAT. §719. Learn what...

Wyoming HOAs are governed by the Wyoming Condominium Ownership Act (WYO. STAT. §34-20-101). Reserve studies are not mandated by statute, but fiduciary duties...

A downloadable reserve fund calculator for HOA and condo boards — calculate your percent-funded ratio, compare funding plans, and understand what your reserve

A ready-to-use request-for-proposal template HOA and condo boards can send to reserve study professionals, covering scope of work, required credentials,...

State-by-state breakdown of HOA reserve fund mandates, statutes, study frequency requirements, funding rules, penalties, and post-Surfside legislative...

Free HOA reserve fund calculator: enter your current balance and fully funded balance to see your percent funded status and whether you meet Fannie Mae's...

A one-page checklist covering the reserve fund rules for every state with mandatory reserve study or funding laws, and what to do if your board isn't compliant.