HOA reserve study requirements by state
How often a reserve study is required, and whether the board may prepare it. Each page is summarized from the statute and links to it. 17 states so far, last checked October 2026.
| State | How often | Who can prepare it |
|---|---|---|
| California | A study with a visual inspection at least once every three years. The board must review it every year. | Board may prepare part of it |
| Connecticut | Every year, with the budget. The act does not mention a reserve study. | Board may prepare it |
| Delaware | A reserve study counts only if it was performed or updated within the last five years. | Outside preparer required |
| Florida | A structural integrity reserve study at least every 10 years after the condominium's creation. | Outside preparer required |
| Hawaii | The yearly budget must be based on a reserve study. If the study was not prepared by an independent reserve study preparer, an independent preparer must review it at least every three years. | Board may prepare part of it |
| Maryland | An updated reserve study at least every five years. | Outside preparer required |
| Massachusetts | The statute sets no interval and does not name a reserve study. | Board may prepare it |
| Michigan | The statute sets no interval and does not name a reserve study. | Board may prepare it |
| Minnesota | Replacement reserves go in every annual budget. The association must reevaluate their adequacy at least every third year. | Board may prepare it |
| Nevada | A study of the reserves at least once every five years. The board must review the results and adjust the funding plan at least once a year. | Outside preparer required |
| New Jersey | Every covered association must undertake and fund a capital reserve study. Owners of covered buildings, as the act defines them, must have it conducted and reviewed at least once every five years. | Outside preparer required |
| Ohio | Every year, as part of the annual budget. The statute does not name a reserve study or set an interval for one. | Board may prepare it |
| Oregon | Every year: the board must conduct a reserve study, or review and update an existing one. | Board may prepare it |
| Utah | A reserve analysis at least every six years, reviewed and updated if needed at least every three years. | Board may prepare it |
| Virginia | A reserve study at least once every five years. The board must review the results at least once a year. | Board may prepare it |
| Washington | Updated every year. At least every third year the update must be prepared by a reserve study professional and based on a visual site inspection. | Board may prepare part of it |
| Wisconsin | If the condominium has a statutory reserve account, the annual budget must provide for reserve funds. The statute does not name a reserve study or set an interval for one. | Board may prepare it |
If your state is not listed yet, that does not mean it has no requirement. Check your state's statutes and your governing documents.