A Closer Look at The Latest Changes to CAI’s Reserve Study Standards

In March of 2022, a task force of fourteen community association industry experts gathered to begin the process of revising Community Association Institute’s (CAI) Reserve Study (RS) Standards. Originally published in 1998, the RS Standards provide a consistent framework under which reserve study providers and common interest communities should operate in tandem – a necessary blueprint for the then-new industry. Since then, both the community association and reserve study industries have rapidly grown, and the RS Standards have been revised to reflect the current climate.  Read the article………………………..

Editor

Recent Posts

Owners at Closed Ocean City Condo Complex Appeal for Help (MD)

Frustrated owners at the shuttered Seaspray Condominiums appealed to Ocean City officials Thursday to get…

31 mins ago

Reserve Funds: Don’t Be Scared to Use Them!

It begins with piggy banks. As children, birthday money, allowance, and loose coins from the…

47 mins ago

New Law Sets Reserve Requirements for NJ Communities

In response to the 2021 Surfside Condominium tragedy in Florida, many states and municipalities have…

4 hours ago

Why condo owners might need arbitration or mediation when facing a HOA dispute

If you are a condo owner facing a homeowners association (HOA) dispute, you should be…

4 hours ago

Insurance Costs on the Rise: What Can Community Associations Do? (FL)

With a major hurricane making landfall somewhere in Florida on nearly an annual basis over…

4 hours ago

IAM Western Territory Wins Landmark NLRB Ruling, Union Election for Colorado Homeowners Association Workers

In March, a road and facility technician working for the Crystal Lakes Road and Recreation…

5 hours ago