There are an estimated 342,000 community associations in the United States today and that number is growing rapidly, but only a small percentage of those communities have the financial protection provided through a professional Reserve Study to ensure the continued value of the common community assets.  It is well known that the board of directors of an association has the fiduciary duty and responsibility to preserve, maintain and enhance the value of the assets of the community because that value directly affects the value of each owner’s unit or property. A professional Reserve Study provides the board with the necessary information to perform its duty and make important financial decisions on behalf of the association.    Read the article……………….