In order to maintain and preserve market values of both the residential and common area property, WLF Association must develop funding plans for future repair or replacement of major common-area components, such as walkway lights, irrigation infrastructure, asphalt surfaces, concrete areas, fencing, signs, and much more. Thus, a Reserve Study provides guidance on how much WLF Association should be putting aside each month for reserves so it can meet the future obligations described above without requiring special assessments.
← What is a Reserve Study?