Utah law requires homeowners associations (HOAs) and condominiums to conduct a reserve study at least every six years and update or review it every three years to ensure financial preparedness for major repairs. While a budget line item for reserves is required, there is no statutory mandate to fully fund them. 

Key Utah Reserve Study Regulations

• Frequency: A reserve analysis must be conducted at least every 6 years.
• Updates: A reserve study update must be performed at least every 3 years.
• Responsibility: The management committee may perform the study or hire a professional.
• Components: Studies must identify common area components with a remaining useful life of less than 30 years, estimate costs for repair/replacement, and outline a funding plan.
• Transparency: A summary of the most recent reserve analysis must be provided to unit owners annually, with the full report available upon request.
• Funding Requirement: While budgeting for reserves is necessary, Utah law does not strictly require the board to follow the funding plan’s recommendations. 

These regulations, primarily found in Utah Code Section 57-8-7.5 (condominiums) and Section 57-8a-211 (HOAs), are designed to ensure long-term financial planning and transparency. 

Note: 
As of September 2025, all associations must complete a registration in the new system. The prior registry will be discontinued after October 31, 2025.