California Civil Code states that most common interest developments (condos, townhomes, single family planned developments, etc.) are required to complete an onsite inspection or their reserve components and a reserve study report once every three years. An offsite update of the reserve study is highly recommended in years 2 and 3.
Thanks! Since your association only has one cost center and is looking for a Level 3: Reserve Study Update without an onsite inspection, you can simply download the following blank update form and send it back to us along with the information and documents listed.
Download Level 3 Update Form
Some associations such as mixed-use commercial/residential require multiple reserve study reports to track components in individual cost centers separately. If you are unsure if your association uses cost centers, please contact us and we'll be happy to assist you.