The Component List: Choosing Reserve Components in Florida
National Reserve Study Standards, effective since 1998, establish a four-part test (not a checklist) to determine which components should be funded through Reserves.
We have a hi-rise condominium client with four elevators, which have served them well for the past 25 years. With each annual Reserve Study update over the last three years,
You’ve been told that you should have a Reserve Study. But why should you pay for a Reserve Study if you already know you have significant budget limitations and don’t expect to raise the dues to collect more Reserves?
