Washington § 64.34.392 Reserve account and study—Exemption—Disclosure.(Effective until January 1, 2028.)

Washington Statutes

§ 64.34.392 — Reserve account and study—Exemption—Disclosure.(Effective until January 1, 2028.)

Washington § 64.34.392

Title 64REAL PROPERTY AND CONVEYANCES

Ch. 64.34CONDOMINIUM ACT

This text of Washington § 64.34.392 (Reserve account and study—Exemption—Disclosure.(Effective until January 1, 2028.)) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 64.34.392 (2026).

Text

(1)Except as provided in RCW 64.90.080 and 64.90.545 , a condominium association with ten or fewer unit owners is not required to follow the requirements under RCW 64.34.380 through 64.34.390 if two-thirds of the owners agree to exempt the association from the requirements.

(2)The unit owners must agree to maintain an exemption under subsection (1) of this section by a two-thirds vote every three years.

(3)Notwithstanding subsections (1) and (2) of this section, a disclosure that the condominium association does not have a reserve study must be included in a unit's public offering statement as required under RCW 64.34.410 or resale certificate as required under RCW 64.34.425 .

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(1) Except as provided in RCW 64.90.080 and 64.90.545 , a condominium association with ten or fewer unit owners is not required to follow the requirements under RCW 64.34.380 through 64.34.390 if two-thirds of the owners agree to exempt the association from the requirements.

(2) The unit owners must agree to maintain an exemption under subsection (1) of this section by a two-thirds vote every three years.

(3) Notwithstanding subsections (1) and (2) of this section, a disclosure that the condominium association does not have a reserve study must be included in a unit's public offering statement as required under RCW 64.34.410 or resale certificate as required under RCW 64.34.425 .