Hyatt Beach House --- Structural Inspections & Reserve Funding Requirements

[TUGBrian]

Given the description of whats covered, that has to be the VAST majority of anything reserves could be spent on anyway?

it specifically mentions:

a. Roof,
b. load bear walls/other primary structural members,
c. floor,
d. foundation,
e. fireproofing/fire protection systems,
f. electrical systems,
g. waterproofing and painting,
h. windows,
i. plumbing and
j. any item with a maintenance or replacement cost that exceeds $10,000.00 that will negatively affect any of the previously listed items.


id love to see the statement that differentiates between the items listed above and whatever else is slated to be addressed with reserve money (as well as the difference between the total reserve fund balance and whats listed here).

Not saying you are wrong, but if this is the casae that just seems overly complicated? and why arent owners shown that separate report explaining the difference?


I do see this blurb, but that further reinforces if this is just a limited view...where is the rest?

The SIRS report is considered additional and separate to/from any existing reserve fund study and, as a result, does not consider expenditures and/or balances within that account. 1.3.1 As a result of the statement(s) made above, it is the responsibility of the owners to consolidate and/or ensure that the SIRS components are funded as required by this report and/or in accordance with the Statutes.