Condo Q&A

Condo Association Management Questions

Written by Roger Chase | Fri, Jan 30, 2009 @ 01:37 AM

How to start a condo association?
I’d imagine you need a real estate lawyer to help form an HOA or condo association and create all the condo docs including association by-laws.

What are condo association responsibilities?
The association is responsible for the upkeep, maintenance and management of the association’s community property.

Where to locate security cameras on condo buildings?
That depends on your building.

Who should select condo trustees?
That should be part of the association by-laws. Generally speaking, association members elect other association members who they think share their best interests.

What are the insurance requirements for condo associations?
I don’t know how minimums are established.

What’s the best way to finance condo repairs?
If your association doesn’t have the money, it can assess it’s members or take out a condo association line of credit and borrow the money.

What does a community condo manager do?
Just about everything. It varies depending on the community’s needs, but they can do everything from maintenance, to collecting condo fees to providing social activities for association members.

What goes into a condo association fee?
Condo fees pay to for the daily upkeep of the community property and their common areas.