Real Estate Condo Questionnaire

REAL ESTATE CONDO QUESTIONNAIRE

WHEREAS: Association Name: with principal mailing address: (the "Association");

WHEREAS: Requesting Party: contact name and phone: ;

The Association agrees to provide the factual information set forth in this Questionnaire to the Requesting Party for the purpose of underwriting, loan closing, sale due diligence, or insurance review.

Scope of Work

Unit Information

Subject Unit Address:

Unit Number: · Square Feet:

Bedrooms: · Bathrooms:

Association Information

Total number of units in Project: · Year built:

Financial / Assessments

Regular monthly assessment amount per unit:

Yes No

Is the Association current on all vendor payments and mortgage obligations? Yes No

Insurance

Does the Association maintain a master insurance policy? Yes No

Property damage Liability Fidelity/crime

Current deductible on master policy:

Yes No

Occupancy and Leasing

Current percentage of units leased:

Yes No

Litigation and Compliance

Yes No

Reserve and Budget

Is the reserve study up to date and implemented as adopted? Yes No

Approximate percent of funded reserves relative to recommended:

Additional Remarks

Payment Terms (if applicable)

Fee for providing questionnaire and documentation: $

Late fee for overdue payment:

Term and Termination

Agreement effective date: · Termination date (if applicable):

Either party may terminate this engagement for convenience upon days' written notice. Termination shall not affect obligations accrued prior to the termination date.

Confidentiality

The Association and the Requesting Party each acknowledge that information provided in this Questionnaire may include non-public financial and operational data. Each party agrees to maintain confidentiality of such information and to use it solely for the permitted purpose described herein. Notwithstanding the foregoing, information that is or becomes publicly available through no fault of the receiving party, or is required to be disclosed by law, need not be held confidential.

Confidentiality acknowledged: Yes No

Governing Law

This Questionnaire and any agreement to provide the requested documents shall be governed by and construed in accordance with the laws of the State of without regard to conflict of laws principles.

Entire Agreement

This Questionnaire, together with any executed fee agreement between the parties, constitutes the entire agreement between the Association and the Requesting Party with respect to the subject matter hereof and supersedes all prior negotiations and understandings, whether written or oral. No amendment shall be effective unless in writing and signed by both parties.

Certifications

The undersigned certifies, under penalty of perjury or other applicable statutory penalties, that the information provided in this Questionnaire is true, accurate, and complete to the best of their knowledge as of the date signed, and that the signer is authorized to execute this Questionnaire on behalf of the respective party.

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