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Please find a Glossary of condo management and property management terms below. Please feel free to submit other condo management and property management terms you'd like to see defined here as well. Please bookmark, save as favorites and share.
Category = 6d
Terms:
- 6d condo form
- 183a 6D Form
- 6d document massachusetts
- 6d form mass condo
- bank form 6d
- condo association 6d forms
- condo form 6d
- Certificate of No Lien
Definition/s:
A 6D or Certificate of No Lien is required by mortgage lenders to show there are no unpaid assessments due on a homeowners account. In Massachusetts a unit should not transfer until a 6D is issued.
Category = condo - common area
Terms:
- common area on condominium property
- condo association
- condo hoa common area curb appeal
- condo tenant rules
- condo turnover punch list
- condo unit punchlist
- condominium
- condominium complex assessment adjustments
- condominium special assessments
- financial reports for condo
Definition/s:
Common area refers to area shared amongst all unit owners. In a condominium or HOA (Home Owners Association) each unit owner “owns” a percentage of the entire common area. This percentage is how your individual condominium fee is calculated. Each unit owner is bound by the governing documents.
Category = condo management
Terms:
- condo maintenance management
- condo management
- condo management fee for services
- condo property management
- condominium management fees
- condominium property management
- function of condo property management
- project management condos
- property management fees for condos
Definition/s:
Condominium management, property management or condominium manager is a firm or individual responsible for the maintenance and upkeep of the common areas and the administration of funds for the association. Condominiums and HOA’s hire a condominium management firm in Massachusetts and New Hampshire to provide day to day operation of the community.
Category = Condominium maintenance
Terms:
- condo maintenance plans
- condo maintenance report
- condo maintenance requests to boards
- condo maintenance statement for performance
- condominium common area maintenance
- condominium common area maintenance staff
- condominium maintenance companies
- condominium maintenance plan
- form of condo common area maintenance agreement
- preventive maintenance program condominiums
- request for common area maintenance
Definition/s:
Property management and condominium management firms offer in-house maintenance for clients. Maintenance is completed based on budget, severity and Board priority. Example property management maintenance could be everything from repairing condo roof decks to providing valet and secured parking for the tenants, to biohazard and medical waste removal, to 24 hour security, both on-site and remote access digital security cameras and everything in between. Our customized preventative maintenance programs protect your condo and save you money in the long run.
Category = property management
Terms:
- auditing of financial records property management fee
- property management
- property management fee proposals
- residential property management
Definition/s:
Property Management refers to the management of common areas at the direction of the Board of Directors or Board of Trustees.
Category = rfp (request for proposal)
Terms:
- condo maintenance request for proposal
- request for proposal condo association maintenance
- request for proposal condo transition
- request for proposal property maintenance
- request for proposal site maintenance
Definition/s:
Condominium Boards will often generate a specific Request for Proposal (RFP) which will outline required services and present the RFP to management firms for their bids. For reference please see our easy online Request for Proposal form here.
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