A: HOAs that fail to set aside money in their reserve fund are progressively falling into an unliquidated state of insolvency because the reserve study calculates the cost of deterioration ...

"Doing a reserve study gives them an inventory of all the items that the association is responsible for," Katz said. One such example, he said, ...

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 ...

First, condominium associations must now have a structural integrity reserve study (“SIRS”) completed every 10 years after the condominium’s creation for each building on the condominium ...

This fall, Case Western Reserve University's Jerry Floersch of the Mandel School of Applied Social Sciences; Eileen Anderson-Fye, an assistant professor of anthropology; and Jes Sellers, director ...

The law doesn’t specifically require HOAs to follow the reserve study recommendations, but Civil Code 5560, 5565 and 5570 require extensive disclosures to the members and prospective purchasers ...