Our team at Applied Reserve Analysis. is renowned for its 20+ years of experience providing high quality reserve studies to Utah's Community Association industry. Benefit from our vast expertise by hiring us to craft a comprehensive reserve study for your property. All you need to do is contact us today; we are happy to guide you through every step of the way.
Applied Reserve Analysis
Utah Reserve Studies
1106 E. South Union Avenue, Suite 1
Midvale, UT 84047
Our reputation, over 20 years of experience, and decades of collective wisdom makes trusting us the best decision you can make. Allow our experts to take care of your reserve study needs.
Condominium management committees must cause a reserve analysis to be conducted no less frequently than every six years and review and, if necessary, update a previously conducted reserve analysis no less frequently than every three years.
The management committee may conduct a reserve analysis itself or may engage a reliable person or organization, as determined by the management committee, to conduct the reserve analysis.
An association of unit owners shall annually present the reserve study and provide an opportunity for unit owners to discuss reserves and to vote on whether to fund a reserve fund and, if so, how to fund it and in what amount. Section 57‐8‐7.5 and 57‐8a‐211. There is no statutory requirement to fund reserves.