What study is a resource for inventory of common elements in a condominium?

The correct answer is the Reserve Fund Study. A Reserve Fund Study is a critical document used by condominium corporations to assess the state of their common elements and to plan for future maintenance and repairs. It provides an inventory of all common elements, including their current condition, lifespan, and the estimated costs associated with their replacement or repair.

In a Reserve Fund Study, professionals inspect the property's common elements and create detailed reports that outline the anticipated future capital expenditures. This study ensures that adequate funds are available to cover major repairs and replacements, thus safeguarding the value of the condominium and ensuring the overall well-being of the property.

While the Property Assessment Study evaluates the market value and property details, it does not focus specifically on the condition and maintenance needs of the common elements. A Maintenance Review might involve examining current maintenance practices but does not provide a thorough inventory for long-term financial planning. A Service Audit assesses service providers' efficiency and effectiveness but does not include an inventory of the physical common elements themselves.