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In Washington State, do Homeowner and Condominium Associations have to perform a reserve study?

April 26, 2017Associations condominium Homeowner perform Reserve study Washington State

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In Washington State, do Homeowner and Condominium Associations have to perform a reserve study?

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Although it is highly recommended that all homeowner associations maintain common areas reserve studies, the new law is limited to condominium associations (this includes cooperatives that are also condominiums).