On April 29th Governor Christine signed into law, effective January 1, 2012 House Bill 1309. This law amends and adds new sections related to reserve accounts and studies for condominium and homeowners’ associations. In short, it includes new items that are required to be included within the reserve study and items required to be disclosed […] read more »
Category Archives: Legislation
In June 2008, Washington State passed a law requiring condominium associations to have a Reserve Study professional prepare an initial (Level I) Reserve Study. Additionally, the Condominium Association needs to update the study annually and have a Reserve Study professional update the Study with a site inspection every three years (Level II). The law also […] read more »