State requirements

Ohio HOA reserve study requirements

A plain-language summary of Ohio Revised Code § 5312.06. Last checked October 2026.

Who it applies to

Owners associations of planned communities. Condominiums are covered by a separate chapter.

How often

Every year, as part of the annual budget. The statute does not name a reserve study or set an interval for one.

Who can prepare it

The statute does not name a preparer. The duty falls on the board.

What it must contain

The budget must include reserves "adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments". Owners holding a majority of the voting power may waive this in writing each year.

Can a board do its own reserve study in Ohio?

Board may prepare it

Ohio requires adequate reserves, not a formal study. The workbook gives a board a way to work out and document what adequate means for its own components.

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

Ohio Revised Code § 5312.06. Read the statute itself before relying on this summary.