Answer:
A good management company can aid the association by recommending vendors, helping plan the annual budget, attracting and interacting with new owners, and handling numerous day-to-day tasks. The following represents some of these tasks, which, if not delegated to a property manager, the association will have to tackle:
- Maintain security of the condominium
- Collect monthly fees and maintain records
- Prepare and maintain all association correspondence, minutes, and records
- Enforce rules and regulations as direct by the association
- Manage any rentals of condominium common areas
- Provide escrow information when homes are sold
- Identify, coordinate, and record maintenance work
Obtaining legal representation also has many benefits for an association. An attorney with experience in condominium law can review contracts with vendors; evaluate potential breaches of the association’s governing documents by owners; take collection actions, as needed, against owners failing to pay condominium fees; and help review the developer’s work to determine whether there might be liability. Early coordination with professional management as well as legal counsel will help the unit owner-controlled association ensure a smooth transition and set its more long-term plans and goals.
Understanding Petition to Partition in Massachusetts
As a property owner in Massachusetts, it is essential to understand your rights and options when it comes to managing your real estate holdings. One legal tool that can be used to resolve disputes over shared ownership of property