HOA Homefront: What to do when reserves run thin
1 Articles
1 Articles
HOA Homefront: What to do when reserves run thin
Q: Our HOA reserves for replacement are severely underfunded. Does California law require that HOAs undertake a third-party analysis of future replacement costs, and, if so, at what intervals? Is there a standard in California law or practice for a minimum percentage of projected reserves? Florida has recently booked state law, or so I understand, requiring HOAs to maintain reserve funds meeting 100% of future replacement costs. Do you expect Ca…
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