Reserves for Mixed Use Building & Limited Common Elements

May 30th, 2012
Posted By
Ken Harer
Often condo declarations state that some building components are to be paid for exclusively by one group of owners. This may include all residential owners, or all owners within a single building. This means that reserve contributions for those compo… Read More
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Categories: Governing Documents
Tags: condominium, declaration, limited common elements, reserve study, reserves, washington state

Reserve Study Law Changes

October 31st, 2011
Posted By
Valerie Farris Oman
Effective January 1, 2012, changes in Washington’s reserve study laws will go into effect. These changes, among other things, affect the content of reserve studies, add reserve study reporting requirements to the budget summary associations must pr… Read More
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Categories: Condominium Laws
Tags: condo association, condominium, fully funded, funded, reserve accounts, reserve study, washington law