Massachusetts Reserve Study Requirements (2026)

Massachusetts at a glance

Who must have a reserve study

We found no reserve study requirement in the Massachusetts condominium statute, M.G.L. chapter 183A. (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

All condominiums must maintain an adequate replacement reserve fund, collected as part of the common expenses and held in an account separate from operating funds [M.G.L. c. 183A, s. 10(i)]. After the developer hands over control, the owners may modify this requirement by an annual vote of 67 percent or more in beneficial interest, and a majority may rescind the change at any time [s. 10(m)]. Reserve account checks need the signature of a board member in addition to the managing agent unless a written agreement says otherwise [s. 10(g)]. (see sources)

Disclosure

Unit owners may inspect the records of the replacement reserve fund [M.G.L. c. 183A, s. 10(c)]. A manager who handles the association's funds must give the board a written report at least monthly, including balances, bank statements and reconciliations for the replacement reserve fund. The owners may vote to make the reports less frequent, but never less often than quarterly [s. 10(f), 10(m)]. (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 Massachusetts

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 Massachusetts require a reserve study?

We found no reserve study requirement in the Massachusetts condominium statute, M.G.L. chapter 183A.

Does Massachusetts require reserves to be funded?

All condominiums must maintain an adequate replacement reserve fund, collected as part of the common expenses and held in an account separate from operating funds [M.G.L. c. 183A, s. 10(i)]. After the developer hands over control, the owners may modify this requirement by an annual vote of 67 percent or more in beneficial interest, and a majority may rescind the change at any time [s. 10(m)]. Reserve account checks need the signature of a board member in addition to the managing agent unless a written agreement says otherwise [s. 10(g)].

What reserve information must be disclosed in Massachusetts?

Unit owners may inspect the records of the replacement reserve fund [M.G.L. c. 183A, s. 10(c)]. A manager who handles the association's funds must give the board a written report at least monthly, including balances, bank statements and reconciliations for the replacement reserve fund. The owners may vote to make the reports less frequent, but never less often than quarterly [s. 10(f), 10(m)].

Sources

• M.G.L. c. 183A, s. 10
• M.G.L. c. 183A, s. 1