HOA Management & Condo Management Company in Tacoma, Puyallup, Olympia, Bonney Lake & Federal Way | Association Services WA

By Evelyn Dufford, PCAM Washington State now requires that the majority of Homeowners Associations have a Reserve Study.  There are three ways in which a Homeowners Association would not have to have one.  They are; 1.  Communities have 10 or fewer homes, 2. The cost of a Reserve Study is greater than 5% of the [...]

The Revised Code of Washington 64.38 was amended this spring to include Reserve Accounts and Reserve Studies for Homeowners Associations. We are in the process of understanding how this will affect many of our associations, large and small. Look for more information in the months to come. This will now need to be a consideration as [...]