Does Idaho require HOA reserve studies?

No. The Idaho Homeowner's Association Act (Idaho Code tit. 55, ch. 32) and the Condominium Property Act (tit. 55, ch. 15) contain no reserve-study requirement. Associations conduct reserve studies only if their governing documents require one or the board chooses to as a planning tool.

What financial disclosures do Idaho HOAs have to give members?

Under Idaho Code § 55-3205, an HOA must give members a disclosure of the fees it will charge on or before January 1 each year, and within 60 days after its fiscal year closes it must furnish an updated, reconciled financial disclosure for that year. The statute does not require reserve balances or a reserve study to be part of those disclosures.

Are Idaho condo associations required to have reserve funds?

No. Idaho's Condominium Property Act (Idaho Code §§ 55-1501 to 55-1528) governs assessments and common-area maintenance but sets no reserve-funding requirement, formula, or minimum. Whether and how much to reserve is decided by the association's declaration, bylaws, and board.

Idaho Reserve Study Requirements

No statutory requirement

No. Idaho does not require HOAs or condominium associations to conduct reserve studies or maintain any level of reserve funding. The Idaho Homeowner's Association Act (Idaho Code tit. 55, ch. 32) requires an annual fee disclosure and a year-end financial disclosure under § 55-3205, but neither it nor the Condominium Property Act (tit. 55, ch. 15) mentions reserves at all.

Verified against the statute 2026-07-06

Who it applies to

Neither Idaho HOAs (governed by the Homeowner's Association Act, tit. 55, ch. 32) nor condominium associations (Condominium Property Act, tit. 55, ch. 15) face a reserve mandate; both statutes focus on governance, fees, liens, and disclosures instead.

Study cycle

No statutory cycle — reserve studies are not referenced anywhere in Idaho's HOA or condominium statutes.

Funding rules

No statutory minimum reserve contribution and no waiver framework. Reserve levels are set by the board under the CC&Rs and bylaws, informed by directors' general fiduciary duties.

Disclosure rules

Idaho Code § 55-3205 requires an annual disclosure of fees (by January 1) and a reconciled financial disclosure within 60 days after fiscal year end, but reserves are not a required line item. There is no buyer-specific reserve disclosure requirement.

The statutes

Idaho Code § 55-3205 — Homeowner's Association Act — Disclosure of fees and financial disclosures
Requires HOAs to give members a disclosure of fees on or before January 1 each year and an updated, reconciled financial disclosure within 60 days after fiscal year end; it contains no reserve-study or reserve-funding requirement.
Idaho Code tit. 55, ch. 15 — Condominium Property Act
Governs condominium creation, declarations, common areas, insurance, and assessments across §§ 55-1501 to 55-1528; no section addresses reserve funds, reserve studies, or budget formulas.

Independently re-verified on legislature.idaho.gov: § 55-3205 confirmed verbatim (January 1 fee disclosure; reconciled financial disclosure within 60 days of fiscal year end; no reserve mention), and the ch. 15 index confirmed 28 sections (55-1501 to 55-1528) with none addressing reserves — including a spot-check of § 55-1507 (contents of bylaws), which requires budget/assessment provisions but mandates no reserve or capital replacement fund. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Idaho. Report an issue.

Idaho reserve questions, answered

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