Reader should be able to obtain fee information
Before I address questions, I want to share a Web site I found. It is dirweb.state.nv.us. It can be very useful for association managers and boards to verify if vendors have workers’ compensation when they are doing work on properties.
On the home page, click the third link on the left, workers compensation section. on that page, click the link to coverage verification service (CVS). In the middle of the page, there are flashing letters that read “employers’ workers’ compensation coverage verification.” Click on that link. Enter the name of business or federal employee identification number and the date you want to confirm coverage.
CVS searches can indicate policy coverage status on current and past dates. A search resulting in no records found on CVS does not necessarily indicate that coverage does not exist. There are steps outlined for obtaining workers’ compensation coverage using CVS with other resources and online databases to determine coverage.
Q: One of my managers is getting ready to list a property and she called the homeowners association management company to confirm what would be the monthly association fee. She was told that they could only give that information out when demand statement is ordered. She also checked several other properties in the subdivision and all of them had different amounts.
The seller hasn’t been much help either. Billing statements have been requested but the seller has not given the manager copies with the amount of the fees paid.
As a real estate agent, you would think that the management companies would work with us, not against us. Things are tough enough in this market, but things like this just make it more difficult. Can you advise me on any other means to acquire the correct fees being charged to the property.
A: According to NRS 116.4109, pertaining to resale packages, the unit owner or his or her authorized agent shall furnish to a purchaser the resale information.
In this case, if the agent simply asked for the monthly assessment fee so that he or she could list the house, the management company certainly could have given the agent the information.
There might be different levels of assessments. For example, a three-bedroom condominium might have a higher assessment than a one-bedroom condominium.
What the agent was looking for was the generic assessment.
If the agent wanted explicit information as to this unit, he or she or the owner would have to send a specific demand letter. A demand letter would have been required to see if the owner owed assessments, special assessments, fines and late fees,
Q: I needed to provide evidence of insurance from my HOA management company and was rerouted to a Web site. The Web site wanted $72 for faxed proof of insurance, $75 via postal mail or $70 to fax a one-page policy certificate. I called back and got a different person who faxed it over free of charge. Have you ever heard of such a practice? Is it legal?
A: NRS 116.31133 subsection 3 states that the insurer will issue a certificate to the association and upon written request to a unit owner. You have the option to directly contact the insurance agent or company to receive this information.
This is the first time that I have heard of someone charging for the one page insurance certificate. It is one thing if you wanted a copy of the entire policy but this is not the case. The $75 charge is outrageous, in my opinion.
Barbara Holland, certified property manager, is president and owner of H&L Realty and Management Co. To ask her a question, e-mail support@hlrealty.com.