Md. Code, Real Prop. §11-109.2
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Maryland Condominium Act — Reserve Study
Requires condominium councils to conduct a reserve study for major common element components. The study must include an inventory of components, estimated remaining useful life, estimated replacement cost, and recommended annual reserve contribution. Required at least once every 5 years.
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Financial
| Ref | Requirement |
|---|---|
| The study must include an inventory of components, estimated remaining useful life, estimated replacement cost, and recommended annual reserve contribution. |
Reserves
| Ref | Requirement |
|---|---|
| Requires condominium councils to conduct a reserve study for major common element components. | |
| Required at least once every 5 years. | |
| At least once every 5 years |
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