No. Pennsylvania does not require HOAs or condominium associations to perform reserve studies or maintain any minimum reserve funding. The Uniform Condominium Act (68 Pa.C.S. § 3407(a)(5)) and the Uniform Planned Community Act (68 Pa.C.S. § 5407(a)(5)) only require that resale certificates disclose the amount of any capital-expenditure reserves and any portions earmarked for specific projects.
Verified against the statute 2026-07-06
The reserve-disclosure rules apply at resale of units in condominiums under the Uniform Condominium Act (68 Pa.C.S. ch. 34) and in planned communities (HOAs) under the Uniform Planned Community Act (68 Pa.C.S. ch. 54). No Pennsylvania association type — condo, HOA, or cooperative — is subject to a statutory reserve-study or minimum-funding mandate.
No statutory cycle — reserve studies are not mandated in Pennsylvania.
No statutory minimum, percentage, or funding formula. Board members remain subject to the statutory fiduciary standard (68 Pa.C.S. §§ 3303, 5303) to manage association finances with the care of a person of ordinary prudence, which in practice drives voluntary reserve studies and funding plans.
On resale, the seller must furnish a certificate from the association stating the amount of any reserves for capital expenditures and any portions designated for specified projects (68 Pa.C.S. §§ 3407(a)(5), 5407(a)(5)); public offering statements for new communities must include the association's projected budget.
Resale certificate must contain 'a statement of the amount of any reserves for capital expenditures and of any portions of those reserves designated by the association for any specified project.' No reserve study or minimum funding is required.
Imposes the same reserve-disclosure requirement on resales in planned communities (HOAs).
Re-verified July 2026: opened 68 Pa.C.S. §§ 3407 and 5407 on the Pennsylvania General Assembly statute site (legis.state.pa.us) and confirmed the subsection (a)(5) reserve-disclosure language verbatim and the absence of any reserve-study or minimum-funding mandate; also confirmed § 3303 ('Executive board members and officers') states the ordinary-prudence fiduciary standard cited in the funding discussion. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Pennsylvania. Report an issue.
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