A reserve study is a long-term capital budget planning tool. The report indicates the current status of the reserve fund and identifies a funding plan to ensure sufficient funds when anticipated common area expenditures occur.
A preventative maintenance plan is a set of guidelines for conducting routine maintenance on equipment and assets to keep them in good condition and to avoid failure.
A transition study finds design deficiencies and material defects at the property. This may also be called a defect study.
Insurance Advisory ReportAn insurance advisory report is an independent evaluation of the existing insured value for the subject property common area. The report assists the Association in determining a fair market valuation for the subject property.
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