Georgia Reserve Study Requirements (2026)

Georgia at a glance

Who must have a reserve study

We found no statewide reserve study requirement in the Georgia Condominium Act (O.C.G.A. 44-3-70 to 44-3-117), the Georgia Property Owners' Association Act (O.C.G.A. 44-3-220 to 44-3-235) or Senate Bill 406 of 2026. (see sources)

Site inspection

We found no statewide rule on this in the statutes listed under Sources.

Structural inspections

We found no statewide rule on this in the statutes listed under Sources.

Reserve funding

We found no reserve funding requirement in either act. Both acts define common expenses to include funds lawfully assessed for reserves under the association's own governing documents (O.C.G.A. 44-3-71, 44-3-221). While a condominium declarant is excused from paying assessments on unsold units, money collected from owners for reserves may not be used to pay common expenses (O.C.G.A. 44-3-80). (see sources)

Disclosure

On the first sale of a residential condominium unit, the seller must give the buyer the estimated or actual operating budget for the current year, which lists reserve for deferred maintenance, reserve for depreciation and other reserves (O.C.G.A. 44-3-111). (see sources)

Who may prepare the study

We found no statewide rule on this in the statutes listed under Sources.

What this means for boards

• With no statewide mandate confirmed here, check your governing documents and any lender requirements. They can require a study even where the statute does not.
• A current reserve study is still the usual way to show the board planned for major repairs with care.
• Keep the study, the board's funding decision and the reasons for it on record.
• Ask your association's attorney how the rules apply to your community.

What this means for reserve preparers

• Confirm which statute governs the association before you scope the work: condominium, planned community and cooperative acts often differ.
• Match the study level and site visit to what the statute requires.
• Cite the statute in the report so the board can see what the study satisfies.

How ReservePath handles Georgia

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.

Frequently asked questions

Does Georgia require a reserve study?

We found no statewide reserve study requirement in the Georgia Condominium Act (O.C.G.A. 44-3-70 to 44-3-117), the Georgia Property Owners' Association Act (O.C.G.A. 44-3-220 to 44-3-235) or Senate Bill 406 of 2026.

Does Georgia require reserves to be funded?

We found no reserve funding requirement in either act. Both acts define common expenses to include funds lawfully assessed for reserves under the association's own governing documents (O.C.G.A. 44-3-71, 44-3-221). While a condominium declarant is excused from paying assessments on unsold units, money collected from owners for reserves may not be used to pay common expenses (O.C.G.A. 44-3-80).

What reserve information must be disclosed in Georgia?

On the first sale of a residential condominium unit, the seller must give the buyer the estimated or actual operating budget for the current year, which lists reserve for deferred maintenance, reserve for depreciation and other reserves (O.C.G.A. 44-3-111).

Sources

• O.C.G.A. 44-3-71 (Georgia Condominium Act, definitions)
• O.C.G.A. 44-3-111 (condominium sales disclosure)
• O.C.G.A. 44-3-106 (powers of condominium association)
• O.C.G.A. 44-3-221 (Georgia Property Owners' Association Act, definitions)
• O.C.G.A. 44-3-231 (powers of property owners' association)
• Senate Bill 406 (2026), Georgia Property Owners' Bill of Rights Act, as signed
• O.C.G.A. 44-3-80 (assessments)