Get Form 609 Reserve Study Summary

Filling out the Form 609 Reserve Study Summary is essential for associations in Nevada to comply with legal requirements regarding reserve studies. This guide will provide you with clear instructions on how to accurately complete the form online.

Follow the steps to complete the Form 609 Reserve Study Summary online.

1. Press the ‘Get Form’ button to access the form and open it for editing.
2. Begin by confirming that a full study has been conducted with a physical inspection of the common elements as required every five years. Make sure to input the association's Nevada Secretary of State (SOS) File number and the SOS Original Filing Date.
3. Fill in the association's legal name as stated in the Articles of Incorporation. If applicable, include the name of the master planned community that the association belongs to.
4. Provide the current billing information, including mailing address, city, state, zip code, and the county in which the association is located. If a management company is involved, include its details or note if it is the same as the above information.
5. Select the type of association by checking the appropriate box (Condominium, Cooperative, Condominium Hotel, or Planned Community) and indicate the approximate age of the development.
6. If applicable, specify the types of units included in a planned community, such as Single Family Dwelling or Townhouse, and enter the number of annexed units with a Certificate of Occupancy.
7. In the reserve study information section, fill in the dates of previous and current reserve studies. Input the name and registration number of the reserve study specialist, which can be found on the designated website.
8. Address any major components that were previously unidentified in the reserve study by selecting 'Yes' or 'No' and providing further explanation as necessary.
9. Complete the financial and funding information by providing the accounting fiscal year end date, reconciliation of the reserve fund account, and any differences between projected and required balances with corresponding explanations.
10. Select the funding plan chosen for the reserve study and enter the total estimated current replacement costs for the major component inventory.
11. Finalize the form by entering the name and title of the person completing it. Ensure the person authorized to sign is correctly identified and sign the form.
12. Once all sections are filled out accurately, save your changes, download, print, or share the completed form as needed.

Complete your Form 609 Reserve Study Summary online today!