Nevada HOA reserve study requirements
A plain-language summary of NRS 116.31152. Last checked October 2026.
- Who it applies to
- Common-interest communities.
- How often
- 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.
- Who can prepare it
- A person holding a permit issued under NRS chapter 116A. The one exception is a community of 20 or fewer units in a county with a population under 55,000, where the board may choose anyone it deems qualified.
- What it must contain
- A summary of an inspection of the major components, components with under 30 years of remaining life, their remaining life and cost, and the assessment and funding plan needed. A summary goes to the state within 45 days of adoption.
Can a board do its own reserve study in Nevada?
Outside preparer required
The five-year study must come from a permitted reserve study specialist, so the workbook cannot replace it for most Nevada associations. It can help the board with the yearly review and funding adjustments the statute also requires.
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 worksSource
NRS 116.31152. Read the statute itself before relying on this summary.