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1. How many units are included in the project? |
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2. |
How many units are occupied by owners as their primary residence? |
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3. |
How many units are owned by off-site owners? |
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4. |
How many units are one month or more delinquent in their association fees? |
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5. |
What is the total dollar amount of delinquent assessments due the association? |
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6. |
Total dollar amount held in reserves by the association. |
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7. |
How many units are sold and closed? |
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8. |
Do all units have the same fee? |
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9. |
Does this unit also belongs to a master/umbrella association? |
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10. |
Has ALL construction and/or rehabilitation at the project been completed? This includes all units, pools, clubhouse, tennis courts, and all other amenities. |
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11. |
The project contains multi-dwelling units. |
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12. |
Any/all units in the project are attached. |
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13. |
Owners have taken control of the association. |
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14. |
The approximate date that the project construction was completed? |
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15. |
One person/entity owns more than 10% of the total units. |
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16. |
The project's legal documents allow for the project to be expanded by additional phases or by units not yet constructed. |
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17. |
The association/project allows for daily or weekly rentals. |
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18. |
All units are owned fee simple - NOT leased land. |
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19. |
The association owns all amenities and recreational facilities debt and lien free? |
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20. |
The project is professionally managed. |
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21. |
There are currently special assessments planned or there has been a special assessment in the last two years. |
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a. If true, the purpose, term, and assessment per unit are: |
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22. |
The Association is involved in pending litigation other than relating to past due assessments. |
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a. If true, the following is an explanation of circumstances: |
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23. |
Timesharing or segmented ownership is allowed. |
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24. |
There is commercial usage. |
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If true, the type of usage and total square footage used as commercial space is: |
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25. |
The Declarations and By-laws of the Owners' Association include a "Right of First Refusal" by the Association on unit sales. |
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26. |
The Owners' Association maintains comprehensive general liability insurance coverage for a minimum of $1 million. |
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27. |
The common elements/limited common elements are insured to one hundred percent (100%) of the replacement cost. |
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28. |
The Association's insurance is covered through the following agent. Please contact the insurance agent for policy information. |
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29. |
The Management Company maintains separate records and bank accounts for the Owners' Association which it serves. |
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