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Checklist

01.

Name of Condominium

02.

Address of Condominium

03.

# of Units in the Condominium

04.

Recorded Survey Map

05.

Recorded Covenants

06.

Signed Bylaws

07.

Articles of Incoporation with Secretary of State Certificate

08.

Budget (FHA requires Total Income X 10%=Reserve Funding)

09.

Current Income Statement and Balance Sheet

10.

Previsious Year End Income Statement and Balance Sheet

11.

Management Agreement

12.

FHA Questionaire

13.

Insurance Certificate or proof of Insurance Coverage (Building/Property, Liability & Fidelity)(FHA Requires Fidelity Coverage = Reserve Balance Plus 3 Months of Dues & Management listed as additional insured

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