Maryland HOA reserve study requirements

A plain-language summary of Real Property § 11B-112.3. Last checked October 2026.

Who it applies to: Homeowners associations whose common-area components would cost at least $10,000 in total to repair or replace. Condominiums and cooperatives are covered by separate sections.
How often: An updated reserve study at least every five years.
Who can prepare it: Someone who has prepared, or helped prepare while employed by a reserve study firm, at least 30 reserve studies in the prior three calendar years; or a licensed architect or engineer; or a holder of the Reserve Specialist or Professional Reserve Analyst designation. The funding plan must also be developed in consultation with such a person.
What it must contain: Each structural, mechanical, electrical and plumbing component with its remaining useful life, repair or replacement cost, the annual reserve amount needed, and its quantity or size.

Can a board do its own reserve study in Maryland?

Outside preparer required

Maryland requires a qualified preparer, so the workbook cannot serve as the required study. A board can use it to track funding between the five-year studies.

Your governing documents may set stricter rules than the statute. Check them too.

The workbook

Reserve Study Kit is an Excel workbook that builds a 30-year reserve funding plan from your component list: every year's balance, percent funded, and the contribution that keeps you above your minimum.

See how it works

Source

Real Property § 11B-112.3. Read the statute itself before relying on this summary.