Bylaw-driven

Oregon HOA reserve study requirements (2026)

Reserve account required; the board must determine reserve requirements annually by conducting or updating a reserve study.

Governing statute

Oregon Revised Statutes 100.175 (Condominiums) and 94.595 (Planned Communities) — Reserve Account and Study

Read the official text →

Quick facts

Governing statutes

ORS 100.175 (condos), 94.595 (planned communities)

Study cycle

Annual — the board must determine reserve requirements every year (ORS 100.175(3)(a); 94.595(3)(a))

Reserve item horizon

Items normally requiring major maintenance, repair, or replacement in more than 1 and less than 30 years

Reserve account

Required; kept separate from other funds and used only for its designated purposes (ORS 100.175(7)(a); 94.595(7)(a))

Owner waiver

Yes — annually, with unanimous owner approval, the board may elect not to fund for the following year (post-turnover)

What the law actually requires

Oregon regulates condominiums under ORS 100.175 and planned communities under ORS 94.595. ORS 100.175(2)(a) requires a reserve account for major maintenance, repair or replacement of common elements or other property maintained by the association that will normally require such work in more than one and less than 30 years; ORS 94.595(2)(a) covers all items of common property on that same horizon, plus exterior painting where the common property includes painted surfaces and other items the association or the declaration or bylaws make it responsible for.

Under ORS 100.175(3)(a) and 94.595(3)(a), the board of directors shall annually determine the reserve account requirements by conducting a reserve study or reviewing and updating an existing study — there is no fixed multi-year statutory cycle. Following the turnover meeting, on an annual basis, the board of directors, with the approval of all owners, may elect not to fund the reserve account for the following year (ORS 100.175(10)(b); 94.595(8)(b)).

Reserve account funds are to be used only for the purposes for which the reserves were established and are to be kept separate from other funds (ORS 100.175(7)(a); 94.595(7)(a)). The board may authorize limited borrowing from the reserve account by resolution, provided the amount borrowed is repaid within a reasonable time (ORS 100.175(7)(b); 94.595(7)(b)).

Is your Oregon community's reserve fund on track? Get a free 60-second reserve health check — see your percent funded, reserves per door, and special-assessment risk. No reserve study required.

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How ReserveDeck handles Oregon

When a property's compliance jurisdiction is set to Oregon, ReserveDeck's report prints the ORS 100.175 / 94.595 requirements described above on its Disclosures page and states the study cycle in the cover letter. The reserve math is the same in every state.

ReserveDeck does not reproduce a state's statutory disclosure form; it provides the reserve figures a board needs to complete one (reserve requirement, percent funded, multi-year projections, and the funding plans).

Built-in Oregon compliance.

Select ORS 100.175 / 94.595 from the Compliance Jurisdiction dropdown and ReserveDeck's PDF builder produces the right disclosure format automatically. Engine math is identical across jurisdictions — only the deliverable changes.

See pricing → See a sample report → Request a Oregon demo

Frequently asked questions — Oregon

How often does an Oregon HOA need a reserve study?

Annually. ORS 100.175(3)(a) and 94.595(3)(a) require the board of directors to determine the reserve account requirements every year, either by conducting a reserve study or by reviewing and updating an existing one. There is no fixed multi-year statutory cycle.

What's the difference between Oregon condos and planned communities?

ReserveDeck's report prints the ORS 100.175 / 94.595 requirements on its Disclosures page and provides the reserve figures the statute's disclosures call for (reserve requirement, percent funded, multi-year projections, and funding plans). It does not reproduce a statutory form.

Can Oregon reserve funds be used for operating expenses?

No. Reserve account funds must be kept separate from other funds and used only for the purposes for which the reserves were established (ORS 100.175(7)(a); 94.595(7)(a)). The board may authorize limited borrowing from reserves by resolution if the amount is repaid within a reasonable time.

Can Oregon owners waive reserve funding?

Yes, but narrowly. Following the turnover meeting, on an annual basis, the board of directors, with the approval of all owners, may elect not to fund the reserve account for the following year (ORS 100.175(10)(b); 94.595(8)(b)).