Colorado does not require existing associations to obtain a reserve study. It requires each association to adopt a written policy on when it has a study prepared, whether there is a funding plan, and what the study is based on [C.R.S. 38-33.3-209.5]. A 2026 law, HB 26-1099, effective August 12, 2026, requires the declarant of a planned community or condominium to commission and pay for a 30-year reserve study before control passes to the owners' association [C.R.S. 38-33.3-209.2].
Last verified October 12, 2026 by ReservePath research.
| Reserve study required | For some associations |
|---|---|
| Applies to | Condominiums, HOAs and planned communities |
| How often | No interval set by statute |
| Site inspection required | No statewide rule found |
Existing associations are not required to obtain a reserve study, but each must adopt a written policy on reserve studies. Under HB 26-1099, a declarant must commission and pay for a reserve study before control of a planned community or condominium passes to the owners. (see sources)
The required policy must say whether the reserve study is based on a physical analysis and a financial analysis. The statute does not require a site inspection. (see sources)
We found no statewide rule on this in the statutes listed under Sources.
Associations must adopt a policy on the investment of reserve funds, and board members must meet a statutory standard of care when investing them (C.R.S. 38-33.3-209.5 and 38-33.3-303). The reserve study policy must say whether there is a funding plan for recommended work and the planned sources of funding. We found no required funding level. (see sources)
The association's most recent reserve study, if any, is an association record owners may inspect [C.R.S. 38-33.3-317]. Under HB 26-1099, the declarant must deliver its reserve study to the association within sixty days after owners other than the declarant elect a majority of the board [C.R.S. 38-33.3-303(9)(n)], and the association must make the most recent declarant study available to owners as part of its annual disclosures [C.R.S. 38-33.3-209.4(2)(j)]. (see sources)
For the association's policy, an internally conducted reserve study is sufficient [C.R.S. 38-33.3-209.5(1)(b)(IX)]. Under HB 26-1099, the declarant's study must be done by an independent reserve study professional or other qualified professional who knows industry standards for reserve studies, has no business relationship with or financial interest in the declarant other than being hired to do reserve studies, and is not an affiliate of the declarant [C.R.S. 38-33.3-209.2(3)]. (see sources)
ReservePath supports full studies, updates with a site visit and updates without one, 30-year funding projections, and study renewal reminders based on the cycle you set for each study. It includes in-app compliance guidance for each state as a starting point. The preparer and the association's attorney remain responsible for confirming what the law requires.
Existing associations are not required to obtain a reserve study, but each must adopt a written policy on reserve studies. Under HB 26-1099, a declarant must commission and pay for a reserve study before control of a planned community or condominium passes to the owners.
For the association's policy, an internally conducted reserve study is sufficient [C.R.S. 38-33.3-209.5(1)(b)(IX)]. Under HB 26-1099, the declarant's study must be done by an independent reserve study professional or other qualified professional who knows industry standards for reserve studies, has no business relationship with or financial interest in the declarant other than being hired to do reserve studies, and is not an affiliate of the declarant [C.R.S. 38-33.3-209.2(3)].
Associations must adopt a policy on the investment of reserve funds, and board members must meet a statutory standard of care when investing them (C.R.S. 38-33.3-209.5 and 38-33.3-303). The reserve study policy must say whether there is a funding plan for recommended work and the planned sources of funding. We found no required funding level.
The association's most recent reserve study, if any, is an association record owners may inspect [C.R.S. 38-33.3-317]. Under HB 26-1099, the declarant must deliver its reserve study to the association within sixty days after owners other than the declarant elect a majority of the board [C.R.S. 38-33.3-303(9)(n)], and the association must make the most recent declarant study available to owners as part of its annual disclosures [C.R.S. 38-33.3-209.4(2)(j)].
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