Requires condominium associations to conduct structural integrity reserve studies for buildings six stories or more in height.

The bill mandates that condominium associations governing buildings six stories or more in height must conduct a structural integrity reserve study to estimate future maintenance, repair, and replacement costs of common elements and fund adequate reserves based on the study's findings. It outlines a two-phase inspection process for these buildings, with phase one being a visual examination by a licensed architect or engineer. If substantial structural deterioration is found, phase two involves more extensive testing.

Requires condominium associations to conduct structural integrity reserve studies for buildings six stories or more in height.

The bill mandates that condominium associations governing buildings six stories or more in height must conduct a structural integrity reserve study to estimate future maintenance, repair, and replacement costs of common elements and fund adequate reserves based on the study's findings. It outlines a two-phase inspection process for these buildings, with phase one being a visual examination by a licensed architect or engineer. If substantial structural deterioration is found, phase two involves more extensive testing.