Experts to Rely on During Transition & Questions to be Asked [Chart]
Expert |
Possible Questions |
| Community Association Manager | Is budget sufficient? Do you have complete records? Have you reviewed enforcement action taken? Do you have transition audit? Have you provided a board member orientation? Do you understand interplay with any master/sub/special district? Do you have copies of any sales materials provided by declarant? |
| CPA | Is the transition audit complete?
Are there any concerns with the audit? Are there any red flags in the audit? |
| Attorney (General Counsel) | What is the association obligated to maintain, repair and replace? Are our documents compliant with laws? Are there any operational deficiencies in our documents? Have common elements been accepted? |
| Engineer | What is the condition of the common elements that the association is responsible for? Where plans and specifications followed? Do buildings comply with FHAA accessibility requirements? |
| Reserve Specialists | Is our reserve account adequate? Do we have a reserve plan? What should we be reserving? |
| Attorney (Specialists) | If there are areas of concern expressed by any other expert, how can we correct those? (this may involve amending documents, addressing financial deficiencies, or litigation) |
| Insurance Agent | Do we have required insurance? Are insurance amounts sufficient? |
