Source: https://www.epsten.com/5565-contents-of-association-s-reserve-summary/
Timestamp: 2019-06-18 23:38:20
Document Index: 318752850

Matched Legal Cases: ['§5565', '§5565', '§5565', 'art 5', '§5565', '§1365']

Civil Code §5565. Contents of Association’s Reserve Summary – Epsten Grinnell & Howell
Civil Code §5565. Contents of Association’s Reserve Summary
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California Civil Code > Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act) > Chapter 7. Finances > Article 3. Reserve Planning > Civil Code §5565. Contents of Association’s Reserve Summary
(d) The current deficiency in reserve funding expressed on a per unit basis. The figure shall be calculated by subtracting the amount determined for purposes of paragraph (2) of subdivision (b) from the amount determined for purposes of paragraph (1) of subdivision (b) and then dividing the result by the number of separate interests within the association, except that if assessments vary by the size or type of ownership interest, then the association shall calculate the current deficiency in a manner that reflects the variation. [2012 – Based on former §1365(a)(2)]