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Cory Mack, Unit 35
Property Manager
Cell: 504-617-9028 (if you leave a voicemail, it sends an alert to his cell)

A property manager shall be hired to perform the services
listed below. The property manager shall perform these services in the name
of and on behalf of the Board of Directors, and the Board shall give the property manager the authority and powers required
to perform these services:
COLLECTION OF
ASSESSMENTS.
The property manager shall collect and, as necessary, receipt for all
monthly or other assessments and other charges due to the Board (for the
Association) for operation of the Condominium. The property manager shall have no
responsibility for collection of delinquent assessments or other charges,
except sending notices of delinquency and referring all past due amounts to
the Board for proper disposition, such as placing the past due amounts with
an attorney for collection, filing of liens, etc.
RECORDS OF INCOME AND
EXPENDITURES.
The property manager shall maintain records showing all of the receipts and
expenditures relating to the Condominium, and shall promptly submit to the
Board a cash receipts and disbursements statement for the preceding month
and a statement indicating the balance or deficit in the Association’s
account. This accounting shall be done on or prior to the 25th
day of the month following the end of the month.
PREPARATION OF ANNUAL
BUDGET.
The property manager shall work with the Board, on or prior to forty-five (45)
days prior to the end of the fiscal year, in the drafting of a budget for
the next fiscal year, submitting anticipated receipts and expenditures for
such year.
SUBMISSION OF ANNUAL
REPORT.
Within thirty (30) days after the end of each calendar year, the property
manager
shall submit to the Board a summary of all receipts and expenditures
relating to the Condominium for the preceding year. Any required audit,
including all Annual Tax Returns, shall be prepared at the Board’s expense
by accountants of the Board’s selection.
MAINTENANCE OF COMMON
ELEMENTS.
Subject to the direction of the Board and at the expense of the Association,
the property manager shall cause the common elements of the Condominium to be
maintained according to appropriate standards of maintenance consistent with
the character of the Condominium, including normal cleaning, painting,
decorating, and such other annual maintenance and repair work as may be
necessary.
RECORDS OF
INSURANCE.
The property manager shall maintain appropriate records of all insurance coverage carried
by the Board. The property manager shall cooperate with the
Board in investigating and reporting all accidents or claims for damages
relating to the ownership, operation and maintenance of the Condominium,
including any damage or destruction to them.
PAYMENT OF EMPLOYMENT
TAXES.
The property manager shall be responsible for the filing of all employee tax
returns and making all appropriate tax deposits.
DEPOSIT OF COLLECTIONS.
The property manager shall deposit all monies
collected into the Association’s bank accounts. All checks written shall
be co-signed by a Board Member.
PAYMENT OF EXPENSES.
The property manager is responsible for
paying, from the funds of the Association, all expenses of the Condominium.
MAILINGS AND NOTICES.
The property manager shall oversee circulation
of notices, newsletters, etc. to Unit Owners as needed. Any copy, printing
and postage costs will be at the expense of the Association or Unit Owners
requesting documents.
REPAIRS AND IMPROVEMENTS. The property manager shall coordinate any
repairs and improvements directed by the Board, including obtaining
appropriate bids.
ATTENDANCE AT BOARD
MEETINGS. The property manager shall attend
the Annual Meeting and any Board Meetings so requested by the Board. |