Maryland Reserve Studies: 5 Year Cycle Under Title 11B

Maryland Reserve Studies: 5 Year Cycle Under Title 11B

Maryland requires a reserve study at least every 5 years. The Maryland Homeowners Association Act, codified at Real Property Title 11B, sets the cadence and the disclosure rules. Montgomery County operates the Commission on Common Ownership Communities, known as CCOC, which adds a county level oversight layer that few states match. The Maryland Attorney General consumer protection division handles statewide complaints.

What Real Property Title 11B actually requires

Real Property 11B-112.2 obligates Maryland HOA boards to obtain a reserve study at least once every 5 years. The Condominium Act at Real Property Title 11 imposes parallel duties. The studies must inventory components and project replacement costs.

Annual budget disclosures must reflect the reserve funding plan. Montgomery County boards face additional CCOC review and dispute resolution, which makes documentation discipline especially important inside the county.

What good Maryland practice looks like

Four practices distinguish Maryland boards.

First, calendar the next reserve study at the same meeting where the current one is adopted.

Second, document reserve decisions in minutes that would satisfy a CCOC document request inside Montgomery County.

Third, separate operating and replacement reserves at the bank.

Fourth, follow CAI Maryland chapter legislative bulletins. Maryland amends Title 11B regularly.

Recent Maryland developments

Maryland has tightened HOA disclosure requirements in recent sessions. Boards should match the reserve narrative across the annual budget package, the resale certificate, and the annual financial report. The three documents tell the same story when reserve discipline is real.

What your board should do this quarter

Take three actions.

1. Confirm the date of your last reserve study. If older than 5 years, contract a new one given Real Property 11B-112.2.
2. Calendar the next study at the same meeting where the current one is received.
3. If you are in Montgomery County, confirm your records align with CCOC expectations.

This is general information for board members, not legal advice. Consult your attorney for your specific situation.

How Manorway helps

Manorway is an AI assisted executive governance platform that helps Maryland boards keep their reserve work, disclosures, and filings in one audit ready place. The reserve narrative writes itself once your study is loaded. Book a free governance checkup, no strings attached.