EMG - HOA MANAGEMENT
  • Home
  • Services
    • Request Proposal
  • Homeowners
    • Forms
    • Education
    • State & Local Laws
  • Real Estate Documents
  • Vendors
  • About Us
    • Client Reviews
    • Community Service
    • Green Company
    • Privacy Policy
  • Contact
  • Tax Id
  • Total number of units in the project?
  • Are all of the units completed?
  • The project is complete through phase:
  • What is the total number of phases to be built when the project is complete?
  • Total number of units owned by the developer that are completed and leased by the developer?
  • How many units are occupied by owners as their primary residence?
  • Total number of units with offsite addresses?
  • Total number or rental units?
  • How many units are sold and closed?
  • Does one owner/entity own more than 10% of the total units
  • Do all units have the same assessment?
  • Association unit assessment range:
  • Does this unit also belong to a master/umbrella association?
  • Are all the common areas and facilities completed?
  • Is the project subject to additional annexation or phasing?
  • Has control of the association been turned over to the unit owners?
  • Does the project have a rental desk, short-term occupancy (up to 7 days) or daily cleaning services?
  • Is the subject a houseboat project?
  • Can two or more units be owned by one owner as evidenced by one mortgage deed?
  • Are their individuals that own more than one unit in the project?
  • List the individuals and the number of units he/she owns
  • Is the project a timeshare or segmented ownership project?
  • Is the project a legal but non-conforming use of land?
  • Is the project a conversion of an existing building?
  • Is the project subject to "inclusionary zoning" which may affect future sales?
  • Has all amenities been completed?
  • Are there any special assessments pending or levied within the Association?
  • Are there any insurance assessments pending or levied within the Association?
  • Total number of commercial units within the project
  • Is the association involved in any current or pending litigation?
  • Total income budgeted for the current year
  • Total reserves budgeted for the current year
  • Total number of unit owners more than 30 days delinquent in Association dues
  • Total number of unit owners more than 60 days delinquent in Association dues
  • Total number of unit owners 90+ days delinquent in Association dues
  • What is the approximate balance of total delinquent Association dues?
  • Does the association or management company maintain separate accounts for the operating expense and reserve funds?
  • Are the monthly account statements being sent directly to the Association?
  • Does the property management company have the authority to draw checks against or transfer from the reserve account?
  • Does the management company maintain separate records and bank accounts for every Association that uses its services?
  • Are two or more members of the Board of Directors required to approve checks drafted against the reserve account?
  • Insurance Carrier - Contact agent for all insurance information
  • Insurance Agency
  • Insurance Phone Number
  • Are the units owned as fee simple units?
  • Are the units owned as leasehold estates?
  • If a lender obtains title to a unit through foreclosure are they liable for more than six months unpaid association dues?
  • What is the maximum number of stories in any building for the association?
  • If your project is still under construction are all taxes and assessments that become liens prior to the first mortgage related to the unit only and not the entire project?
  • Are any common elements leased to or by the Homeowners Association?
  • Does the association fee cover water?
  • Are at least 51% of the total units in the project owner-occupied?
  • Does any single entity own more than 10% of the total units in the project?
  • Is the project a condominium hotel?
  • Is the project a manufactured housing project?
  • Do the project legal documents include any restrictions on sale which would limit the free transferability of title: (i.e. age restrictions, first right of refusal, other deed/income restrictions)?
  • Do the project legal documents or local zoning limit the amount of time the owner can live in their unit?
  • Are the amenities/recreational facilities owned by the Association?
  • Is the general maintenance level of common elements acceptable? 
  • Is the association management contract less than three years?
  • What are the cancellation terms of the contract
  • Are there any adverse environmental factors affecting the project as a whole or individual units?
  • As of (date)
  • Is the association budget adequate including funding of replacement reserves for capital expenditures, deferred maintenance (at least 10% of the budget) and allocations for line items pertinent to the type of association?
  • Does the project contain multiple dwelling units that represent the security for a single mortgage
  • Is this project a cooperative? (Corporation or trust holds title and sells shares of stock)
  • What year was the project completed?
  • Total number of buildings
  • Is the project a common interest apartment of community apartment project owned by several owners as tenants in common, rather than a true condominium
  • Is the project managed like a hotel or motel, even though the units are individually owned
  • Is the project marked as an investment security
  • Does the project offer phone or meal service
  • Are there any units that are less than 400 sq feet
  • Are any units used for business purposes (aka Live Work)
  • Is the project listed on the National Register of Historic Places, or within a historic district
  • Is any part of the project in a coastal barrier zone
  • Is the project operating as a continuing care community or assisted living facility
  • Are there mandatory fee based memberships for use of project amenities or services
  • Is the project subject to mandatory rental pooling
  • Are units typically sold furnished
  • Does the project have daily cleaning / maid service
  • Is there an onsite rental office
  • Do all units have a full sized kitchen
  • Do the project documents require mandatory or voluntary rental pooling or revenue sharing
  • Does the project have any non-incidental business operations owned or operated by the Homeowners Association
  • Is the project located on contiguous parcels of land
  • Does the project contain interior doors adjoining separate units
  • Are the units taxed individually
  • When is the HOA's fiscal year
  • Are or were any of the units sold by auction
  • do the unit owners have sole ownership interest in and the exclusive right to use the project amenities and common areas
  • Does the project require blackout dates or continuous occupancy limitations for the unit owner
  • Is project currently involved in receivership or bankruptcy
  • Are any units subject to a transfer fee (charge or payment) when there is a change in ownership
  • Are there recurring transfer fees paid to the developer
  • Does the association own all amenities and recreational facilities debt and lien free
  • Does the Declarations and By-laws of the Association include a "Right of First Refusal" by the association on unit sales
Picture
Picture
Picture
Picture
Picture
Picture
  • Home
  • Services
    • Request Proposal
  • Homeowners
    • Forms
    • Education
    • State & Local Laws
  • Real Estate Documents
  • Vendors
  • About Us
    • Client Reviews
    • Community Service
    • Green Company
    • Privacy Policy
  • Contact