What is a Condo Questionnaire?

All lenders will require a condo questionnaire that needs to be completed by the HOA Manager of the condo Complex. The condo questionnaire below is a basic condo questionnaire that is accepted by most lenders. Download the condo questionnaire and have the HOA Manager complete the form. Once complete, provide it to your loan officer.

What is a Condo Questionnaire?

Project Name
Address
City	State	Zip Code
I . Has control of the project been turned over to the H.O.A.? Date turned over:			Yes	No

2. Are the amenities complete?			Yes	No
3. Is all construction or phases complete?			Yes	No
4. Are common areas and recreational facilities associated the entire project (or the subject phase) complete? •If no. does the project have sufficient funds for completion?			Yes	No
			Yes	No
5. Is the project a cooperative?			Yes	No
6. Is the project a condo hotel?			Yes
7. Is the project a timeshare or segmented ownership protect?			Yes	No
8. Is the project a multi-dwelling unit condominium (in ‘Which ownership of multiple units Is evidenced by a deed and mortgage?			Yes	No
9. Does the condominium represent a legal, but nonconforming use of the land (if zoning prohibit rebuilding to current density in the event of destruction?			Yes	No
IO- Is the project a conversion? if yes is the conversion a gut rehabilitation? (Where the renovation has stripped the property to the shell and all HVAC and electrical components have been replaced.			Yes	No
			Yes	No
If the builder is in control of the project, or the H.O.A. has been in control far less than a year, please submit the Declarations, B laws. Insurance Cert, Budget and Appraisal with the completed questionnaire.
Il. Is the Project built on a Leasehold Estate?			Yes	No
Number Of Phases
			Entire Project	Subject Phase
Total Number of Units
Total Number of Units for Sale
Total Number of Units Sold
Total Number of Units Rented (Investor Owned)
Total Number of Owner Occupants Units (Principal Residences & Second Homes)
Does any single entity own more than 10% of the total units in the entire project?			Yes	No
Highest number of units owned by one entity
12- is any portion of the project designated Tor commercial use only? If yes, then what percentage of the project?			Yes	No

13. Does the Project?
Allow Daily Rentals? Percentage available for daily rentals			Yes	No

Contain a rental desk?			Yes	No
c. Participate in a mandatory rental pool?			Yes	No
Provide food service?				No
e. Provide daily Housekeeping? f. Provide Blackout dates restricting the owner’s use.				No
				No
14. Is the protect the subject of current litigation?			Yes	No
Please provide a letter of explanation far any litigation.
15. What is the amount currently held in reserves for replacement or repair of major components?					s
16. Total number of unit owners currently over 30 days past due on their monthly H.O.A. fees.
Total dollar amount of past due.
17. Are the taxes for the individual units included in the H-O-A lees?			Yes	No
Projects in which the taxes are included in the H.O.A fees are ineligible.
H-OA. contact	Phone Number

Download Condominium Questionnaire