Reserve study requirements by state
12 states and DC require a study by statute, 1 encourage one, 26 regulate reserve funds without requiring a study, and 12 are silent. Each row links to the state's firms. 13 of the 51 rows were checked against the statute text on November 6, 2026.
| State | Status | Interval | Who may perform it | Statute |
|---|---|---|---|---|
| California | Required by law | visual inspection at least every 3 years; reviewed annually | Cal. Civ. Code 5550 (study); 5300 (annual budget report); 5570 (reserve disclosure form) (not yet confirmed) | |
| Delaware | Required by law | see statute | 25 Del. C. 81-205(14); 81-315; 81-409; 81-324 (not yet confirmed) | |
| Florida | SIRS required, every 10 years | SIRS at least every 10 years | Visual inspection performed or verified by a Florida-licensed engineer or architect, or a CAI Reserve Specialist or APRA Professional Reserve Analyst | Fla. Stat. 718.112(2)(g) (SIRS); 718.112(2)(f) (reserves); 720.303(6) (HOA reserves) |
| Hawaii | Required by law | budget based on a reserve study; an association-prepared study must be reviewed by an independent preparer at least every 3 years | An independent reserve study preparer with an industry reserve study certification (for review of in-house studies) | HRS 514B-148 |
| Maryland | Required by law | every 5 years | A preparer who has done at least 30 reserve studies in the prior 3 years (or helped prepare 30 at a reserve study firm), a Maryland-licensed architect or engineer, or a CAI RS or APRA PRA | Md. Code, Real Prop. 11-109.4 (condos); 11B-112.3 (HOAs); Corps. & Ass'ns 5-6B-26.1 (co-ops) |
| Nevada | Required by law | at least every 5 years, reviewed annually | A reserve study specialist registered with the Nevada Real Estate Division | NRS 116.31152 |
| New Jersey | Required by law | every 5 years | A CAI-credentialed reserve specialist or a New Jersey-licensed engineer or architect; board members may not prepare it | N.J.S.A. 45:22A-44.2 and 45:22A-44.3 (P.L.2023, c.214, S2760/A4384; amended P.L.2025, c.132) |
| Oregon | Required by law | annually (new study or review and update of an existing one) | ORS 100.175 (condominiums); ORS 94.595 (planned communities) | |
| Tennessee | Required by law | every 5 years | Tenn. Code Ann. 66-27-403; 66-27-402; 66-27-503 (not yet confirmed) | |
| Utah | Required by law | every 6 years, reviewed and updated if needed every 3 years | The board itself or a reliable person or organization it selects | Utah Code 57-8-7.5 (condos); 57-8a-211 (HOAs) |
| Virginia | Required by law | every 5 years, reviewed at least annually | Va. Code 55.1-1965 (condos); 55.1-1826 (POAs) | |
| Washington | Required by law | updated annually; update with visual site inspection by a reserve study professional at least every third year | Initial study and every-third-year update by a reserve study professional | RCW 64.90.545; 64.90.550 (older communities: RCW 64.34.380, 64.38.065) |
| Colorado | Encouraged by statute | For the HB26-1099 transition study: an independent reserve study professional or other qualified professional with no ties to the declarant | C.R.S. 38-33.3-209.5 (reserve policy); 38-33.3-302 (not yet confirmed) | |
| Alabama | Reserve fund rules only | Ala. Code 35-8A-302(2); 35-8A-403(5) (not yet confirmed) | ||
| Alaska | Reserve fund rules only | Alaska Stat. 34.08.320(2); 34.08.530(5) (not yet confirmed) | ||
| Arizona | Reserve fund rules only | A.R.S. 33-1260; 33-1806 (not yet confirmed) | ||
| Connecticut | Reserve fund rules only | Conn. Gen. Stat. 47-261e; 47-264(5) (not yet confirmed) | ||
| District of Columbia | Reserve fund rules only | D.C. Code 42-1903.08; 42-1904.04 (not yet confirmed) | ||
| Georgia | Reserve fund rules only | O.C.G.A. 44-3-111 (not yet confirmed) | ||
| Illinois | Reserve fund rules only | 765 ILCS 605/9 (condos); 765 ILCS 160/1-45 (CICAA) (not yet confirmed) | ||
| Indiana | Reserve fund rules only | Ind. Code 32-25-4-4 (not yet confirmed) | ||
| Kentucky | Reserve fund rules only | KRS 381.870; 381.9167; 381.9203 (not yet confirmed) | ||
| Louisiana | Reserve fund rules only | La. R.S. 9:1123.102; 9:1124.102 (not yet confirmed) | ||
| Maine | Reserve fund rules only | 33 M.R.S. 1603-102; 1604-103 (not yet confirmed) | ||
| Massachusetts | Reserve fund rules only | M.G.L. c.183A, s.10(i) | ||
| Michigan | Reserve fund rules only | MCL 559.205; Mich. Admin. Code R 559.511 (not yet confirmed) | ||
| Minnesota | Reserve fund rules only | reserve adequacy reevaluated at least every third year | Minn. Stat. 515B.3-1141 | |
| Missouri | Reserve fund rules only | RSMo 448.3-102.1; 448.4-109.1 (not yet confirmed) | ||
| New Hampshire | Reserve fund rules only | RSA 356-B:58 (not yet confirmed) | ||
| New Mexico | Reserve fund rules only | NMSA 47-7C-2; 47-7D-3 (not yet confirmed) | ||
| New York | Reserve fund rules only | N.Y. Real Prop. Law 339-v (not yet confirmed) | ||
| North Carolina | Reserve fund rules only | N.C.G.S. 47C-3-102; 47F-3-102; 47C-4-103 (not yet confirmed) | ||
| Ohio | Reserve fund rules only | Ohio Rev. Code 5311.081 (condos); 5312.06 (planned communities) | ||
| Pennsylvania | Reserve fund rules only | 68 Pa.C.S. 3302, 3402; 5302, 5402 (not yet confirmed) | ||
| Rhode Island | Reserve fund rules only | R.I. Gen. Laws 34-36.1-3.02; 34-36.1-4.03 (not yet confirmed) | ||
| Texas | Reserve fund rules only | Tex. Prop. Code 82.102; 82.157 (not yet confirmed) | ||
| Vermont | Reserve fund rules only | 27A V.S.A. 3-102; 4-103 (not yet confirmed) | ||
| West Virginia | Reserve fund rules only | W. Va. Code 36B-3-102; 36B-4-103 (not yet confirmed) | ||
| Wisconsin | Reserve fund rules only | Wis. Stat. 703.163 | ||
| Arkansas | No statewide study law | (not yet confirmed) | ||
| Idaho | No statewide study law | (not yet confirmed) | ||
| Iowa | No statewide study law | (not yet confirmed) | ||
| Kansas | No statewide study law | (not yet confirmed) | ||
| Mississippi | No statewide study law | (not yet confirmed) | ||
| Montana | No statewide study law | (not yet confirmed) | ||
| Nebraska | No statewide study law | Neb. Rev. Stat. 76-860 (not yet confirmed) | ||
| North Dakota | No statewide study law | (not yet confirmed) | ||
| Oklahoma | No statewide study law | (not yet confirmed) | ||
| South Carolina | No statewide study law | (not yet confirmed) | ||
| South Dakota | No statewide study law | (not yet confirmed) | ||
| Wyoming | No statewide study law | (not yet confirmed) |
General information read from the statutes on the date shown, not legal advice. Governing documents and lenders can require more. Florida's structural integrity reserve study is a separate requirement for buildings of three or more stories; see that page.
Due a study under your state's rule? Request proposals from a firm that works there.
Get a quoteQuestions about the law
Which states require HOA reserve studies?
As of November 2026, 12 states and the District of Columbia require a reserve study by statute: California, Delaware, Florida, Hawaii, Maryland, Nevada, New Jersey, Oregon, Tennessee, Utah, Virginia, Washington. Most set a cycle of three to five years and several say who may perform the study.
Does federal law require a reserve study?
No federal statute does. Lenders do: Fannie Mae and Freddie Mac condominium project reviews ask about reserves and deferred maintenance, so a current study is often the practical condition of selling a unit with a conventional mortgage.
What if the governing documents require a study but the state does not?
The documents govern. Many declarations and bylaws require a study on a set cycle, and a board that ignores them is exposed whatever the statute says.
How often is a reserve study required?
Where a statute sets a cycle it is usually every three to five years, with annual review of the funding plan in some states. Where none does, the common practice is an update with a site visit every three years and a full study every five to ten.
Related pages
- Firms by stateWho works where.
- What a study costsRanges and an estimator.
- Comparing proposalsScope before fee.
Request proposals for your reserve study
The community ZIP code, how to reach you, then a few taps about the association. About a minute, and nothing is sent to a firm until you say so.
This is a free introduction service, not a reserve study provider. We find one firm that works in your state and tell you its name before anything is shared. Nobody contacts you until you say yes.
Thank you. Your request is logged.
- We look for a reserve study firm that covers your state and does the kind of study you described, then email or call to tell you which firm it is.
- Your details reach that firm only if you say yes.
- The firm sends a written proposal with the scope, the level of service and the fee. No marketing from us, ever.