HOA Escrow Services Agreement
(Does Not Include Accounting)

This agreement (Agreement) is entered into by and between NationwideAccounting.net, a California Corporation. (Service Provider) ________________________________ and (Association) ________________________________ as of Association consists of units/lots.

Service Provider will provide escrow services as an independent contractor as the Agent of the Association in order 10 facilitate the sale or refinance of units/lots which are included as part of the Association.

Association shall provide Service Provider with the following by email:

  1. Completed Lenders Questionnaire (To be provided)
  2. CC&Rs
  3. Bylaws
  4. Articles of Incorporation
  5. Operating Rules
  6. All Insurance Policies and Agents Contact Information
  7. Most recent Reserve Study
  8. Most recent Financial Statement
  9. Minutes for last 12 months (signed)
  10. Most recent Annual Disclosure Package and Budget
  11. Amount of any Transfer Fee

Association agrees to provide Service Provider with the following by email as updated or when new information or documents become available:

  1. Operating Rules
  2. Insurance Policies
  3. Reserve Study
  4. Annual Disclosure Package and Budget
  5. Minutes of Meetings (signed)
  6. Changes in any Transfer Fee

The fee for services provided shall be paid by the buyer or owner of the subject unit/lot and not by the Association. The fee shall be based on the services requested based upon a standard schedule of fees for all clients. For each escrow closed, Service Provider shall pay _____________, a fee equal to _______________ % of the amount collected.

It is the Association's responsibility to provide accurate information to Service Provider. Service Provider assumes no responsibility or liability for the accuracy of the information provided by the Association.

Association shall defend and hold harmless Service Provider, its agents, employees, directors and officers, if any, from and against any and all claims, liabilities, suits, losses, damages, and attorney's fees which result from Service Provider's performance. This is a material condition of this Agreement.

If Service Provider is required to spend time as a result of any legal action brought by any person against Association or Service Provider, concerning or arising out of this Agreement, Service Provider shall be entitled to be paid $250 per hour for all time spent and any actual costs incurred.

 

Items we will need to begin:

__ CC&Rs

__ Bylaws

__ Operating Rules

__ Insurance Policies and Insurance Agent Contact Information

__ Latest Reserve study

__ Minutes of Meetings - Last 12 Months

__ Latest Year-End Disclosure, Including Budget

__ Completed Lender's Questionnaire (To be provided by us)

__ Amount of any Transfer Fee: $________________

 

All of the items above can be scanned to us. You do not need to mail paper copies. This is the entire agreement between the parties. Legal advice or services are not included.

 

 

Agreed:

__________________________________________
Michael Chulak for
NationwideAccounting.net
Service Provider
818-991-9019

 

For the Association:

By: _______________________________________
      Print Name - Authorized officer

 

By: _______________________________________
      Signature - Authorized officer

 

Date: _______________________________________

 

Address: ____________________________________

____________________________________________

 

Email: ______________________________________

NationwideAccounting.net
818-991-9019

 

 

California HOA Escrow Services
818-991-9019