HAWAII FIRST 800 BETHEL STREET, SUITE 501 HONOLULU, HI 96813 Homeowner Association Questionnaire 1330Community Wilder Sample RESALE PROCESSING DEPARTMENT PHONE: 808-531-5566 FAX: 808-566-9939 Property Address: Sample Property Address Order #: 76-565453 Project Data # of Owner Occupied Units (mail received at Unit/Home) 37 # of 2nd Homes (mail received at address other than Unit/Home) 34 2 # of Investor/Rental Properties as reported to the Association % of Owner Occupied or 2nd Homes (excludes Investor/Rental Properties as reported to the Association) PL E 97.18 % Regular Association Assessments Association assessments are paid: Monthly All units are equally assessed at: $335.92 Or Association unit assessments range from: Total number of Bonafide Sales (includes closed sales) in the project: 71 Percentage of Bonafide Sales: 100 SA M Total number of multiple unit owners: 0 Total number of units still owned by the developer in the project: 0 Are there individuals that own more than one unit in the project? Yes o No þ Are there any special assessments pending or levied within the Homeowners Association? Yes o No þ If yes, assessment amount per unit: $0.00 If scheduled payments are allowed, what is the payment amount per unit? $0.00 Current listed individual and number of units he/she owns: FINANCIAL AND ASSESSMENT INFORMATION If scheduled payments are allowed, what is the frequency of these payments? NOTE: If any of the above three answers are variable, explain the variations. Is the Homeowners Association involved in any current or pending litigation? No. Total income budgeted for the current year: $24,461.00 Total reserves budgeted for the current year: $7,600.00 This information is being provided by Hawaii First as a courtesy service to lenders and other real estate professionals. Although Hawaii First believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Hawaii First is not responsible for any inaccurate or omitted information. 3/20/2012 Portions Copyright © 2007 Community Archives Page 1 of 4 HAWAII FIRST 800 BETHEL STREET, SUITE 501 HONOLULU, HI 96813 Homeowner Association Questionnaire 1330Community Wilder Sample RESALE PROCESSING DEPARTMENT PHONE: 808-531-5566 FAX: 808-566-9939 Please enter the amount of General Liability coverage: Please contact Insurance Agent Fidelity Bond/Employee Dishonesty insurance amount: Please contact Insurance Agent Earthquake Insurance amount: Please contact Insurance Agent Master Policy expiration date: Please contact Insurance Agent Percentage of deductible: Please contact Insurance Agent GENERAL AND LEGAL INFORMATION Yes þ No o N/A o Is project complete? Yes þ No o N/A o Are all of the common areas and facilities in the project complete? Yes þ No o N/A o Is the Homeowners Association subject to a master/umbrella association? Yes o No þ Are the Unit Owners in control of the HOA? Yes þ No o Date that control of the Homeowners Association was/will be turned over to the unit owners: 07/01/1990 If a site condominium (detached units), are all units detached? Yes o No o N/A þ Does the project have rental desks, short term occupancy (up to 7 days) or daily cleaning services? Yes o No þ N/A o Is the subject a Houseboat project? Yes o No þ N/A o Does the project contain multiple dwelling units that represent the security for a single mortgage? Yes o No þ Is the project a legal but non-conforming use of land? Yes o No o N/A þ Is the project a conversion of an existing building? Yes þ No o N/A o Is the project a Timeshare or segmented ownership project? Yes o No þ N/A o Are any common elements leased to or by the Homeowners Association? Yes o No þ Total number of apartments / units: 71 Number of phases at completion: N/A Is the project subject to inclusionary zoning which may affect future sales? Yes o Number of guest parking stalls available: 0 Total number of commercial units within the project: 0 Square footage of project devoted to commercial use: 0 PL E Are all of the condominium units completed? SA M If yes, are all common areas and facilities complete within the master community? N/A No o N/A þ The project/building comprises how many stories (high rise only)? Are there elevators within the project? Yes o No þ Does the Association fee cover water? Yes þ No o This information is being provided by Hawaii First as a courtesy service to lenders and other real estate professionals. Although Hawaii First believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Hawaii First is not responsible for any inaccurate or omitted information. 3/20/2012 Portions Copyright © 2007 Community Archives Page 3 of 4 HAWAII FIRST 800 BETHEL STREET, SUITE 501 HONOLULU, HI 96813 Homeowner Association Questionnaire 1330Community Wilder Sample RESALE PROCESSING DEPARTMENT PHONE: 808-531-5566 FAX: 808-566-9939 2 Does the Homeowners Association or Project Management Company maintain separate accounts for the operating expense and reserve accounts? Yes þ No o Are the monthly account statements being sent directly to the Homeowners Association? Yes þ No o Does the Project Management Company have the authority to draw checks against or transfer from the reserve account? Yes o No þ Are two or more members of the Board of Directors required to sign checks drafted against the reserve account? Yes o No þ Are the units owned as fee simple units? Yes þ No o Are the units owned as leasehold estates? Yes o No þ If a lender obtains title to a unit through foreclosure or through deed in lieu of foreclosure, are they liable for more than six months unpaid Homeowners Association dues? Yes o No þ If your project is still under construction, are all taxes and assessments that became liens prior to the first mortgage related to the unit only and not the entire project? Yes o No o INSURANCE INFORMATION SA M Name of Insurance Company: Acme Insurance PL E Total number of unit owners currently more than one month delinquent in Homeowners Association dues: Name of Insurance Agent: Justin Case Phone Number: 888-123-4567 N/A þ Fax Number: Email Address: Are any improvements located in a designated Flood Hazard Zone that require insurance? Yes o No þ N/A o Is this Project covered by Flood Insurance? Yes o No þ N/A o Is this Project located in a tsunami inundation area? Yes o No þ N/A o Has there been any substantial damage to this Project due to earthquake, fire, floods, winds, landslides, tsunami, or violence activity within the last five years? Yes þ No o N/A o Is the amount of insurance equal to 100% of the current replacement cost? Please contact Insurance Agent Does the policy carry a condominium endorsement clause? Please contact Insurance Agent Does the association carry blanket insurance for each unit or common areas only? Please contact Insurance Agent Liability limit per occurrence for bodily injury: Please contact Insurance Agent This information is being provided by Hawaii First as a courtesy service to lenders and other real estate professionals. Although Hawaii First believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Hawaii First is not responsible for any inaccurate or omitted information. 3/20/2012 Portions Copyright © 2007 Community Archives Page 2 of 4 HAWAII FIRST 800 BETHEL STREET, SUITE 501 HONOLULU, HI 96813 Homeowner Association Questionnaire 1330Community Wilder Sample Can the management agreement be terminated without penalty upon notice of not more than 90 days? RESALE PROCESSING DEPARTMENT PHONE: 808-531-5566 FAX: 808-566-9939 Yes þ No o Yes o No þ COVENANT COMPLIANCE INFORMATION Has the Unit/Home been specifically inspected for compliance with covenants in conjunction with this inquiry? Inspector's Name Air Conditioning Cable TV Signal Electricity Gas Hot Water Lease Rent Parking Real Property Tax Recreation/Community Association Dues Sewer SA M Water PL E ASSOCIATION / COMMUNITY AMENITIES INCLUDED IN ASSOCIATION FEES Other: Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes o No þ Yes þ No o Yes þ No o Yes o No þ Yes o No þ Name of Other: Other: Name of Other: I hereby certify that the above information is true and correct to the best of my knowledge and belief. Authorized Signature This information is being provided by Hawaii First as a courtesy service to lenders and other real estate professionals. Although Hawaii First believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Hawaii First is not responsible for any inaccurate or omitted information. 3/20/2012 Portions Copyright © 2007 Community Archives Page 4 of 4
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