Tennessee HOA Reserve Study Specialists
Ensure your Wyoming HOA's financial health with PropFusion's simplified reserve studies, preparing your community for major repairs without surprises.
Serving the entire state of Tennessee
Tennessee HOA Reserve Fund Requirements (2025 Guide)
In Tennessee, new legislation under Senate Bill 863 has introduced specific requirements for reserve studies in condominium associations. This law ensures that associations are financially prepared to manage major repairs and replacements for shared property elements. This guide breaks down the key aspects of the law, its benefits, and steps to ensure compliance.
Are reserve studies required in --?
Yes, Senate Bill 863 requires the board of directors of a unit owners' association to either conduct a reserve study or update an existing one under specific conditions. The requirement applies when: Significant changes occur that affect the association's common property or its financial needs. The existing reserve study is outdated and no longer reflects the community’s current conditions.
-- reserve study update frequency
While the law does not mandate a strict timeframe, reserve studies must be updated when there are significant changes to the property or finances. Industry standards recommend conducting or updating reserve studies every three to five years to ensure accurate planning and funding.
PropFusion connects you with a vetted network of Reserve Study experts across Florida, ensuring best industry standards.
Understanding Reserve Studies for Tennessee HOAs
Reserve studies are essential for maintaining the financial health of HOAs in Tennessee, ensuring your community is prepared for major repairs without unexpected assessments. PropFusion simplifies the process, helping Tennessee associations plan effectively.
How it works
Fill in Your Details & Request Proposals
Enter your association's information and instantly request proposals.
Receive Proposals & Order Your Study
Get multiple proposals from top Professionals and select the best fit.
Receive & Explore Your Reserve Study Online
View your online study, create scenarios, and generate reports.
Our Trusted Network of Reserve Study Professionals
PropFusion connects you with a vetted network of Reserve Study experts across the state, ensuring top industry standards in expertise, compliance, and reliability. Whether updating or starting a reserve study, our network supports your community’s unique needs.
Certified Expertise: All professionals in our network are fully certified and bring years of experience to ensure accuracy and compliance.- Reliable Proposals: Receive competitive proposals tailored to your association’s requirements, ensuring you get the best value.
- Ongoing Support: Our professionals don’t just deliver a report—they offer ongoing insights to help you make informed decisions.
We Save Time and Effort Every Month
PropFusion saves us time and effort every month. Their automated features and professional insights keep us on track.
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Frequently Asked Questions
Who is required to conduct reserve studies in Tennessee?
Boards of directors for unit owners' associations must conduct or update reserve studies when significant changes occur or existing studies become outdated.
How often should reserve studies be updated?
While there is no mandated timeframe, updating reserve studies every three to five years is recommended for proactive planning.
What happens if an association doesn’t comply?
Failure to conduct or update reserve studies may result in financial instability, deferred maintenance, and potential homeowner dissatisfaction.
Are reserve funds mandatory?
Associations must establish funding plans based on reserve study findings, but the exact funding levels are determined by the board.
How can PropFusion help with reserve study compliance?
PropFusion provides tools for managing reserve studies, connecting with experts, and creating transparent funding plans to ensure compliance with Tennessee laws.
Take Control of Your Association’s Future
