Oregon Reserve Studies: ORS Chapter 94 Mandates the Cycle

Oregon Reserve Studies: ORS Chapter 94 Mandates the Cycle

Oregon mandates reserve studies for planned communities through Oregon Revised Statutes Chapter 94 and for condominiums through ORS Chapter 100. ORS 94.595 requires planned community boards to conduct a reserve study, and ORS 100.175 imposes parallel obligations on condo boards. The Oregon Real Estate Agency oversees community manager licensing and publishes guidance.

What ORS 94.595 and 100.175 actually require

ORS 94.595 requires boards to conduct an initial reserve study and to update it periodically. ORS 100.175 imposes parallel obligations on condo boards. The studies must inventory components, project replacement costs, and inform the annual funding plan.

Annual budgets must include the reserve component, and boards must disclose the funded percentage to owners. The Oregon Real Estate Agency publishes guidance on what a compliant study should contain.

What good Oregon practice looks like

Four practices distinguish Oregon boards.

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

Second, document reserve decisions in minutes that survive an owner records request.

Third, separate operating and replacement reserves at the bank.

Fourth, follow CAI Oregon chapter bulletins for legislative and operational updates.

Recent Oregon developments

Oregon has tightened HOA disclosure timelines in recent sessions. Boards should track CAI Oregon updates because the chapter publishes operational guidance faster than official commentary.

What your board should do this quarter

Take three actions.

1. Confirm the date of your last reserve study. If overdue under ORS 94.595 or 100.175, contract a new one now.
2. Confirm operating and reserve accounts are physically separate.
3. Read the latest CAI Oregon chapter session recap.

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

How Manorway helps

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