Real Estate Law¶
California Department of Real Estate. (2026). Real Estate Law: Pertinent Excerpts from the California Codes.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Maintenance Reserve Account
- A 60-unit condominium association commissions a reserve study — a professional forecast of when the roof, elevators, and boilers will need replacement and what each will cost — and funds a reserve account to match it.
This sourceRequires a common-interest development association to study major components, estimate their remaining useful life and replacement cost, and calculate a reserve-funding plan to meet those obligations.
- A 60-unit condominium association commissions a reserve study — a professional forecast of when the roof, elevators, and boilers will need replacement and what each will cost — and funds a reserve account to match it.
Verification¶
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Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.
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