Traditional Reserve Studies and Reserve Studies Meeting the New State of Florida Building Safety Law.
Structural Integrity Reserve Study
General Information from CAI About Reserve Studies:
One of the primary responsibilities of the board of directors of a community association is to protect, maintain, and enhance the assets of the association. Associations must develop multi-year plans to help them anticipate and responsibly prepare for the timely repair and replacement of common area components such as roofs, roads, mechanical equipment, and other portions of the community’s common elements.
A reserve study is made up of two parts, the physical analysis and the financial analysis. The physical analysis includes the component inventory, condition assessment, and life and valuation estimates. The component inventory should be relatively stable from year to year, while the condition assessment and life and valuation estimate change from year to year. The financial analysis is made up of an analysis of the client’s current reserve fund status (measured in cash or as percent funded) and a recommendation for an appropriate reserve contribution rate (a funding plan).
Services
Structural Integrity Reserve Study Required by Florida Law
Sample Reserve Study Reports
