A reserve study is a long-term capital budget planning tool. The report indicates the current status of the reserve fund and identifies a funding plan to ensure sufficient funds when anticipated common area expenditures occur.
A preventative maintenance plan is a set of guidelines for conducting routine maintenance on equipment and assets to keep them in good condition and to avoid failure.
A transition/defect study finds design deficiencies and material defects at the property.
An insurance advisory report is an independent evaluation of the existing insured value for the subject property common area. The report assists the Association in determining a fair market valuation for the subject property.