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 ...
A. The reserve fund is established so that the HOA can build up money to offset the ongoing deterioration of common area components included in the HOA’s reserve study. If the reserve study included ...
We need an updated reserve study. What should we do? If your reserve study must be updated in 2024 or 2025, you should contact the association’s engineer now and get on the schedule. If your reserve ...
Survey finds community associations increasingly use reserve studies to plan infrastructure, manage costs, and ...
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 ...
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 ...