Condominium Questionnaire Template (Page 4 of 4) in pdf

37. Are separate bank accounts maintained for the working account and the reserve account

with the appropriate controls and does the bank send copies of the monthly statements directly

to the HOA? _____ Yes ______ No

38. Are reserve funds for future major repairs held in a segregated reserve fund?__________ If

yes what is the current balance $__________.

39. Do the association documents contain a Right of First Refusal on sales?__________

Leases?__________ If yes please provide the period of time before it expires:__________

40. Is a lender exempt from the provisions of any Right of First Refusal indicated

above?__________

41. Is the Home Owners Association involved in any lawsuits or pending litigation, or are they

party to any arbitration, mediation or other dispute resolution process?_____ Does the dispute

involve the safety, structural soundness or habitability of the project?__________ If you answer

yes to any of the above please attach a detailed explanation.

42. Insurance Company:________________________________________

Insurance Agent:__________________________________ Phone

Number:________________ Fax Number:________________ Email

Address:______________________________

43. Does the Association employ an outside property manager?__________

44. Management Company Name:________________________________

Agent Name:________________________________ Fax:__________________

Phone Number:_______________ E-mail :______________________________

45. Can a management contract be cancelled without penalty or with no more than 90 days

notice?___________

NOTE: THIS QUESTIONNAIRE CAN ONLY BE COMPLETED BY AN INDIVIDUAL WHO IS EMPLOYED TO DO

SO BY THE HOME OWNERS ASSOCIATION.

THE UNDERSIGNED CERTIFIES TO THE BEST OF THEIR KNOWLEDGE THAT THE INFORMATION

CONTAINED HEREIN IS TRUE AND ACCURATE.

NAME:____________________________________ DATE:_____________________

SIGNATURE:_______________________________ TITLE:____________________

PHONE NUMBER:___________________________ E-MAIL:______________________________

COST TO COMPLETE QUESTIONNAIRE: $____________________

Condominium Questionnaire Template Page 4