CA Civil Code Compliant Reserve Studies
Every SCT Reserve Study comes with California Civil Code Compliant Disclosure Documents.
These pages are the "Reserve Summary" and
"Assessment and Reserve Funding Disclosure Summary"
Level 1 and Level 2 Reserve Studies satisfy California Civil Code requirement to have an on-site reserve study performed every 3 years
Reserve studies are beneficial for HOAs, condominiums, timeshares, commercial properties, schools, and places of worship
Level 1
Reserve Study
Full Reserve Study with Site Inspection - Full Quantification
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Level 1 Reserve Studies will include a site visit where the site inspector(s) quantify the association's reserve maintenance responsibilities. Various examples include counting light fixtures, measuring the asphalt, measuring the pool fence, and accounting for pools, spas, and their equipment.
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The Site Inspector will assign expected lifetimes, reasonable remaining lives, and estimated maintenance costs to all assets (we use the term 'components') the community is required to maintain on a long-term basis.
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When quantifying, we use a variety of methods to get the most accurate data possible.
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A Level 1 Reserve Study will only need to be conducted when the association is new and has not had the common area previously quantified, is not confident in the current Reserve Study's component inventory, or if the common area has undergone significant change (usually due to a large project or renovation).
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Level 1 and Level 2 Reserve Studies satisfy California Civil Code §5550 requirement of an on-site reserve study every three years.
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Level 2
Reserve Study
Update Reserve Study with Site Inspection
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Level 2 Reserve Studies will include a site visit where the site inspector(s) verifies, visually observes, and analyzes the association's common area.
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We encourage board member participation and/or community manager during the site visit for a meeting with the Site Inspector. This way the reserve expenses
The Site Inspector might adjust expected remaining life and estimated costs to any and all components the community is required to maintain on a long-term basis.
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A Level 2 Reserve Study should be conducted every three (3) years, unless a Level 1 is required.
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Level 1 and Level 2 Reserve Studies satisfy California Civil Code §5550 requirement of an on-site reserve study every three years.
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Level 3
Reserve Study
Financial Update Reserve Study (without Site Inspection)
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Level 3 Reserve Studies will provide an updated reserve study, including fresh reserve disclosure documents for the annual mailing. A site inspection is not conducted, so it is important we know what reserve expenses have taken place over the last year.
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As with all reserve studies, we request the most recent financial packet to run the reserve study with the most recent information.
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The more planning a board can prepare, the better equipped the reserves will be to handle the projects.
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