Condominium Structural Integrity Reserve Studies

Summary

The bill would mandate that condominium associations governing buildings six stories or higher conduct a structural integrity reserve study to estimate future repair and replacement costs and fund appropriate reserves. Associations for buildings five stories or less would be exempt and could vote to waive or reduce reserve contributions. It also outlines how milestone inspections are to be performed, reported, and tracked by local agencies.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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