What is that Word Wednesdays – Reserve Study
Wednesday, July 30th, 2014 in Announcements, Condo, Construction, Contracts, HOA, Management, Property Maintenance, Reserve Studies, Staff, Vendors by FAN
This week’s word is Reserve Study. A reserve study is a study of the association’s reserve account requirements which identifies the major components for which the association has maintenance responsibility and their probable remaining useful life. It estimates the cost for the components and the total contribution necessary to finance those costs. The purpose of […]