SmartProperty® helps Missouri HOAs and condominiums plan and fund their reserves. State law lets boards reserve but doesn’t require it, so the board’s duty of care and your governing documents set the standard. A reserve study is how you meet it.
The statute authorizes reserve funding without commanding it. That leaves the decision with the board and the declaration.
If a roof or road fails and the board never planned for it, owners can claim negligence and breach of fiduciary duty. A professional study is the board’s evidence that it acted prudently.
Because the reserve power is subject to the declaration, your own documents can create a binding reserve requirement. A study gives the board a defensible way to meet it.
An association with no study and weak reserves can land on a lender’s ineligible list, which narrows the buyer pool and weighs on values. Fannie Mae’s 15% reserve minimum applies to condo loans dated on or after January 4, 2027.
A site-inspected study to start, then updates as costs and conditions change, so the board always has a current plan.
The Living Reserve Study® updates as projects are completed and costs change, so your plan is ready for the next update or budget.
Model higher contributions, special assessments, loans or lines of credit side by side before you take a recommendation to owners.
Atlas shows the cost data and useful-life assumptions behind every figure, so boards can answer owner questions with confidence.
See how the Living Reserve Study® works for your community, or tell us about your association and we’ll put together a proposal.
Photo via Wikimedia Commons: Gateway Arch from East St. Louis: Jefferson National Expansion Memorial, NPS, CC BY 2.0. Missouri law summary is not legal advice. Confirm your association’s obligations with Missouri counsel.