Condominium Management and Property Management FAQs

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Category = 6d

FAQs:

• Buy a condo without 6d?
• What is '6d' certificate in ma?
• What is a 6d at a closing?
• What is a 6d form ma?

Answer/s:

A 6D Certificate or Certificate of No-Lien shows there are no outstanding charges against homeowners common charges account.

Category = condo - general

FAQs:

• Condo reserves for ice dam repairs?
  • Reserve funds are specifically reserved for replacement and repair of condo property common area elements and cannot generally be used for individual unit's' maintenance; however check with your property management company, or we recommend you consult with your legal counsel and CPA for further information. You can see one of many ways Shawmut Property Management offers this type of information to our clients here.
• Does Massachusetts condo insurance cover water damage from ice dams?
  • This depends on the level of coverage, in bidding out insurance we attempt to obtain the best level of coverage available while keeping premiums at a reasonable level.
• Does NH law require reserve funds for condominiums?
  • Yes, we further recommend a capital or replacement reserve study - it is a helpful condominium management tool
• Fiduciary responsibility condo Massachusetts?
  • The Board has a fiduciary obligation to protect the property values and funds for the community's residents and must perform maintenance when required and provide for clear and transparent accounting.
• Fiduciary responsibility condominium New Hampshire?
  • The Board has a fiduciary obligation to protect the property values and funds for the community's residents and must perform maintenance when required and provide for clear and transparent accounting.
• Insurance for residential condominium associations?
  • Condominium associations are required to obtain and keep insurance on common areas as defined in the condominium or governing documents.
• Who is responsible for snow removal & damage to condo in NH?
  • Any condo/property damage should be reported to management for follow up with the vendor.

Category = condo management

FAQs:

• What are the different service levels of condo management?
  • Shawmut offers full service and limited scope agreements, contact us for more details.

Category = maintenance

FAQs:

• What is a condo management maintenance plan?
  • A maintenance plan outlines a 5-10 preventative maintenance task list and is helpful during budget season.