Condominium Association Reserve Funds
Posted on Apr 25, 2014 in Legal News Recent changes to the Utah Condominium Ownership Act provide condominium associations with some much-needed guidance regarding reserve funds – in particular, how such funds should be analyzed, how they are reported to the condominium owners, and how the association’s reserves are to be funded. Section 57-8-7.5 of the Utah Condominium Ownership Act has long required that a reserve analysis...read more