SmartProperty® helps New Hampshire condominium associations plan and fund their reserves. State law doesn’t spell out a study requirement, but it does require boards to explain the basis for their reserves and disclose coming expenses at resale. A study is how you back that up.
Our guide covers the New Hampshire Condominium Act, RSA 356-B. It leaves the study to the board, then requires the board to show its work to owners and buyers.
Funding reserves because it’s what the board did last year doesn’t explain how reserves are calculated. A study gives the board a documented basis for owners, buyers and any later claim of breached duty.
Our guide points to frost heaves, ice dams, road salt and septic systems as reasons to adjust useful lives for New Hampshire rather than rely on national averages. Pavement is a common first casualty.
Buyers see your reserve and anticipated projects, and lenders review the same budget. Fannie Mae’s 15% reserve minimum applies to condo loans dated on or after January 4, 2027, or the budget must fund a current study’s highest recommended contribution.
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: Portsmouth: Quintin Soloviev, CC BY 4.0. New Hampshire law summary is not legal advice. Confirm your association’s obligations with New Hampshire counsel.