RI S2910

Condominiums 20 years or older must commission a conditions survey conducted by a licensed engineer, architect, or building inspector to identify safety hazards and needed repairs, with results and repair plans shared with all unit owners

New condominium developments must complete both a conditions survey and initial reserves study within 6 months of final construction; existing associations without a recent reserves study must conduct one within 12 months of the law's effective date

Reserves studies must be updated every 5 years, conducted by a certified reserves study specialist or licensed professional engineer, and include useful life estimates, repair costs, and annual reserve amounts needed

Associations must maintain a separate reserves account funded by at least 15% of monthly assessment fees by January 1, 2027, to be used only for structural repairs and replacements identified in surveys and studies

Executive boards must develop repair plans addressing survey recommendations and engage in strategic planning every 5 years, with annual progress reports to unit owners; the act takes effect January 1, 2028