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Everything You Wanted to Know About Reserve Studies (CA)

/ Owner - September 5, 2024

HOAs in California are largely governed by the Davis-Stirling Act, a series of statutes located in the Civil Code. In other words, all HOAs in California must abide by the Davis-Stirling Act, as well as other applicable California laws.  One of an HOA’s most important obligations is to maintain and repair (and where necessary, replace) the association’s common areas. In many HOAs, the common areas consist of several individual components (e.g., swimming pools, tennis courts, landscaping, condo roofs, plumbing, streets, etc.). As you can imagine some of those components are intended to last a long time before they have to be replaced, while others require only periodic maintenance.    Read the article…………………………….

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