eBooks, Articles, & More

The Legal Side of Reserve Studies: Part 1

The Primary duty of the Board is to protect and maintain the association’s common areas. Some common area repair/replacement projects are so expensive that they take years of preparation.

Reserve Study Law

According to a prominent Seattle area attorney, the first condominium recorded in King County was in 1964, by then name of “El Condo”. This is the coolest name I’ve ever heard for a condo. Forget Tall Trees, Whispering Brook, etc.—give me “El Condo”.

A Condominium Resident’s Perspective

As a resident and, recently, past Board member of the condominium association where I reside, my hopes for a better community were realized one day when an article appeared in our local newspaper telling of legislation requiring all Condominiums to have a Reserve Study done.

A Reserve Study Professional’s Perspective

Samantha's article illustrates the purpose and function of a Reserve Study as well as some common objections.

How Strong is your Reserve Fund?

Reserve studies are required by Hawaii State Law, HRS 514A and HRS514B-148 for Condominiums and Time Share property under HRS 514E-10.3.

Computing “Fully Funded” Reserves Using Current or Future Costs?

The Hawaii Act defines a Full Replacement Reserve as the reserve funds for an asset equal to: The projected capital expenditure or major maintenance required for the asset at the end of its estimated useful life;