SmartProperty® helps Wyoming condominiums and HOAs plan and fund their reserves. Wyoming has no reserve statute, so what a board does about reserves is judged against its fiduciary duty and what lenders will accept.
Wyoming gives no specific statutory guidance on reserve studies or funding. The decision rests with the board, and so does the responsibility for it.
With no state checklist, a decision not to study or fund reserves has to be shown to be prudent. A professional study is the board’s proof of informed decision-making.
Our guide points to roofs, roads and shared facilities as components whose failure can trigger a large special assessment. A study puts each one on a replacement schedule with a funding plan.
Fannie Mae’s reserve minimum rises from 10% to 15% of assessment income for loan applications dated on or after January 4, 2027. Associations below it need a current study and a budget that funds its 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: Grand Teton National Park: Watts, CC BY 2.0. Wyoming law summary is not legal advice. Confirm your association’s obligations with Wyoming counsel.