Yes. Utah requires HOAs (Utah Code 57-8a-211) and condominium associations (Utah Code 57-8-7.5) to have a reserve analysis done at least every six years and to review and, if needed, update it at least every three years, unless the governing documents provide otherwise. The rule does not apply during the period of administrative control, when the declarant still controls the association. The association must put a reserve fund line item in each annual budget.
Last verified October 12, 2026 by ReservePath research.
| Reserve study required | Yes |
|---|---|
| Applies to | Condominiums, HOAs and planned communities |
| How often | Every 6 years |
| Site inspection required | Not required by statute |
Unless the governing documents say otherwise, the board of a community association or condominium must have a reserve analysis done at least every six years and must review it, and update it if needed, at least every three years. (see sources)
Utah Code 57-8a-211 and 57-8-7.5 list what a reserve analysis must include. They do not mention a site visit or visual inspection. (see sources)
We found no statewide rule on this in the statutes listed under Sources.
Each year's budget must include a reserve fund line item in the amount the board finds prudent based on the reserve analysis, or a higher amount if the governing documents require it. Owners may veto the line item by a 51 percent vote of the allocated voting interests at a special meeting within 45 days after the budget is adopted. If they do, the association funds reserves under the last line item that was not vetoed. Reserve money must be kept separate and may not be used for other purposes or daily maintenance without a majority vote of the members, with a narrow statewide emergency exception. (see sources)
The association must give owners a summary of the most recent reserve analysis or update every year and must give a full copy to any owner who asks. An owner may sue after 90 days written notice if the association does not comply. During the declarant control period, for projects first recorded on or after May 12, 2015, the declarant must give buyers the governing documents and the most recent financial statement showing any reserve funds. (see sources)
The board may conduct the reserve analysis itself or hire a reliable person or organization, as the board determines. No license or credential is required. (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.
Unless the governing documents say otherwise, the board of a community association or condominium must have a reserve analysis done at least every six years and must review it, and update it if needed, at least every three years.
Every 6 years under the statutes listed on this page. Utah Code 57-8a-211 and 57-8-7.5 list what a reserve analysis must include. They do not mention a site visit or visual inspection.
The board may conduct the reserve analysis itself or hire a reliable person or organization, as the board determines. No license or credential is required.
Each year's budget must include a reserve fund line item in the amount the board finds prudent based on the reserve analysis, or a higher amount if the governing documents require it. Owners may veto the line item by a 51 percent vote of the allocated voting interests at a special meeting within 45 days after the budget is adopted. If they do, the association funds reserves under the last line item that was not vetoed. Reserve money must be kept separate and may not be used for other purposes or daily maintenance without a majority vote of the members, with a narrow statewide emergency exception.
The association must give owners a summary of the most recent reserve analysis or update every year and must give a full copy to any owner who asks. An owner may sue after 90 days written notice if the association does not comply. During the declarant control period, for projects first recorded on or after May 12, 2015, the declarant must give buyers the governing documents and the most recent financial statement showing any reserve funds.
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