Michigan Reserve Study Requirements (2026)

Michigan at a glance

Who must have a reserve study

We found no reserve study requirement in the Michigan Condominium Act. (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

The association of co-owners must maintain a reserve fund for major repairs and replacement of common elements, and the state administrator may set minimum standards for reserve funds by rule (MCL 559.205). The administrative rule requires the bylaws to provide for a reserve fund equal to at least 10% of the association's current annual budget on a noncumulative basis, used only for major repairs and replacement of common elements (Mich. Admin. Code R 559.511). (see sources)

Disclosure

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

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 Michigan require a reserve study?

We found no reserve study requirement in the Michigan Condominium Act.

Does Michigan require reserves to be funded?

The association of co-owners must maintain a reserve fund for major repairs and replacement of common elements, and the state administrator may set minimum standards for reserve funds by rule (MCL 559.205). The administrative rule requires the bylaws to provide for a reserve fund equal to at least 10% of the association's current annual budget on a noncumulative basis, used only for major repairs and replacement of common elements (Mich. Admin. Code R 559.511).

Sources

• MCL 559.205
• Michigan Condominium Act, Act 59 of 1978 (full text)
• Mich. Admin. Code R 559.511