Reserve study means an analysis, by 1 or more independent engineering, architectural, or construction contractors or other qualified persons, performed or updated within the last 5 years, of the remaining useful life and the estimated cost to replace each separate system and component of the common elements, the purpose of which analysis by 1 or more independent engineering, architectural, or construction contractors or other qualified persons, is to inform the executive board and the association of a condominium or cooperative of the amount which should be maintained from year to year in a fully funded repair and replacement reserve to minimize the need for special assessments.

Reserve study means a budget planning tool that

Reserve study means a capital budget planning tool used to determine the physical status and

Examples of Reserve study in a sentence

Results from the prospective multicenter DISCOVER-FLOW (Diagnosis of Ischemia-Causing Stenoses Obtained Via Noninvasive Fractional Flow Reserve) study.
Those who have evaded mandatory military service.3. Application Method & PeriodHow to applyFill out the prescribed application form and submit it via e-mail(including thehand-written signatures)∘E-mail : myyhj4534@kaist.ac.kr∘Subject: [Job type] name ex) [Research] Gildong Hong 4.
Appendix 5:Relative Foreclosure RatesThe following two tables set forth data from the 2005 Federal Reserve study.
As we noted earlier, according to a Federal Reserve study, over 70 percent of all individuals with credit records in the United States (not just all homeowners with credit records) have FICO credit scores that are 660 or above—the foundation for a prime loan.
According to a Federal Reserve study, over 70 percent of all individuals with credit records in the United States (not just all homeowners with credit records) have FICO credit scores that are 660 or above—the foundation for a prime loan.

More Definitions of Reserve study

Reserve study means a study of the reserves required for future major repairs and replacement of the common elements of a cooperative or condominium, or the common areas of an HOA, that:

Reserve study means an analysis, prepared in conformity with the latest edition of the Reserve Study Standards published by the Community Associations Institute, or similar standards by another nationally recognized organization, by a reserve specialist who is credentialed through the Community Associations Institute or a similarly recognized organization, or a licensed engineer or architect, performed or updated within the last five (5) years, of the remaining useful life and the estimated cost to replace each separate system and component of the common elements, the purpose of which is to inform association members and the association's board of the amount that should be maintained from year to year in a fully funded repair and replacement reserve to minimize the need for special assessments;

Reserve study means a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components and an analysis of association funding capacity to maintain, repair, and replace capital components.

Reserve study means a reasonably current engineering analysis of the remaining useful life and the estimated

Reserve study means a study required pursuant to NRS 116.31152 which projects the

Reserve study means an analysis, performed or updated within the last 5 years by one or more independent engineering, architectural or construction contractors, or other qualified persons, of the remaining useful life and the estimated cost to replace each separate system and component of the common elements, the purpose of which analysis is to inform the council and the unit owners of the amount which should be maintained from year to year in a fully funded repair and replacement reserve to minimize the need for special assessments.”.

Reserve study definition

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