-- Reserve Study Requirements
Who needs a Reserve Study.
In Oregon, associations created after October 23, 1999, are required to conduct a reserve study and prepare a maintenance plan.
How often do you need to update a Reserve Study.
There is no mandated update frequency, but it's recommended to update the reserve study every 3 to 5 years.
Additional Information
Associations formed before October 23, 1999, are only required to comply if the board adopts a resolution or a majority of owners request it.
Serving the Northeast
Serving the Great Lakes
Serving the Mountain
Serving the Southeast
Serving the Pacific West
Portland
- 1050 SW 6th Ave
Suite 1100
Portland OR 97204 - Phone: 888.315.2843
Fax: 888.316.4587
Email: mail@reservestudygroup.com
We focus on the detail and the big picture.
Our reserve study approach is simple. We provide you with the insight needed to make fast, accurate and informed decisions. We focus on understanding your situation and providing funding solutions that are designed with your goals in mind.
-- Reserve Study Requirements
Legislation
Reserve Studies for Condominiums and Planned Communities are legally mandated in Oregon. Whether a condominium or a planned community, the statutory requirements for the reserve study are nearly identical, both are governed by the Oregon Revised Statutes. The Oregon Condominium Act is found in ORS Ch. 100 and The Oregon Planned Community Act is found in ORS 94.550-94.783.
Sample Reserve Study Report
Our reports are designed to create an accurate and clear illustration of the Association’s financial and physical standing. We simplify the complex issue of reserve planning by giving you the entire picture in one easy to understand report.
-- Reserve Study
Our team of reserve study professionals works with associations throughout Oregon State.
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
Frequently asked questions
Is a reserve study required in Oregon?
Yes, Oregon requires reserve studies for HOAs and condominiums created after October 23, 1999. Older associations must comply if the board adopts a resolution or a majority of owners request it.
How much do reserve studies cost?
Reserve studies in Oregon typically cost between $2,500 and $10,000, depending on the number and complexity of assets.
How long does it take to do a reserve study?
A reserve study usually takes 2 to 6 weeks from site inspection to report completion.
How often should a condo association do a reserve study?
While Oregon law does not specify frequency, best practices recommend updating the study every 3 to 5 years.
What does an HOA reserve study look like?
An HOA reserve study includes an inventory of common elements, estimates for their remaining life and replacement cost, and a multi-year funding plan to maintain financial health and avoid special assessments.
If you have any questions, our team of reserve study professionals will contact you immediately.
