Reserve study requirements
- Statute:
- California §5550 · Chapter CIV-7 (Davis-Stirling Act Ch. 7 — Finances and Reserves)
- Topic:
- Assessments & Finance · Reserve study
- Applies to:
- HOA associations
At least every three years the board shall cause a competent, diligent visual inspection of major components the association must repair, replace, restore, or maintain, as part of a reserve study that identifies remaining life, useful life, and the current and projected reserve contribution.
📄 Read the official text at leginfo.legislature.ca.gov →
How SoShiny helps with Reserve study requirements
SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge.
See the feature → Start freeFrequently asked
- What does California §5550 require?
- At least every three years the board shall cause a competent, diligent visual inspection of major components the association must repair, replace, restore, or maintain, as part of a reserve study that identifies remaining life, useful life, and the current and projected reserve contribution.
- Who does California §5550 apply to?
- California §5550 applies to HOA associations in California.
- What happens if our CID doesn't comply with §5550?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for California community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of California §5550?
- The official text is published by the California Legislature at leginfo.legislature.ca.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Reserve study requirements?
- SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge. Learn more →
Not legal advice. This page is a plain-English summary of California §5550 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a California-licensed attorney. For the official statutory text, see the link above.
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