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

Full text of Washington Revised Code of Washington § 64.34.392 — Reserve account and study — Exemption — Disclosure. (Effective until January 1, 2028.), with citation guidance and answers to common questions.

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

(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.
[ 2019 c 238 s 221; 2009 c 307 s 1.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 64.34.392

What does Revised Code of Washington § 64.34.392 cover?

Section 64.34.392 ("Reserve account and study — Exemption — Disclosure. (Effective until January 1, 2028.)") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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