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5. WHAT'S A
RESERVE STUDY?
A reserve study looks at reserve accounts and
analyzes all foreseeable capital improvements
and repairs. For example, if your community
has a clubhouse with a roof that needs to be
replaced every 10 years, the reserve study
will advise how much and how quickly your
association needs to save to make the repair at
the appropriate time.
A Reserve Specialist or professional Reserve
Analyst can perform a reserve study for your
association. Check your governing documents
and state regulations for any additional
requirements.
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