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RESERVE STUDY GUIDELINE

State of California Department of Real Estate RESERVE STUDY GUIDELINES for Homeowner Association Budgets August 2010 State of California Department of Real Estate RESERVE STUDY GUIDELINES for Homeowner Association Budgets August 2010 This independent research report was developed under contract for the California Department of Real Estate by Eva Eagle, , and Susan Stoddard, , AICP, Institute for the STUDY of Family, Work and Community and David H. Levy, , Janet Andrews, MBA, was responsible for the original design, layout, and typography.

reserve study calls for explicit association decisi ons on how to provide for long-term funding, and on the extent to which the association will set asid e funds on a regular basis for non-annual maintenance requirements. A good reserve study may also function as a maintenance planning tool for the association.

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