The Delaware Uniform Common Interest Ownership Act (DUCIOA) requires condominium associations and planned communities to maintain adequate reserve funds for the repair and replacement of common elements. This is one of the stronger reserve fund laws in the Mid-Atlantic region. Associations that fail to maintain adequate reserves can face legal challenges and put homeowners at financial risk.
Reserve Metrics serves Delaware associations with professional reserve studies that meet DUCIOA requirements. Reach out for a free proposal today.