Averbrook Condo questionnaire desk

Free tool, nothing collected

The January 4 memo, written for you

On January 4, 2027 the replacement reserve floor rises from 10% to 15% of assessment income. The budget your boards adopt this autumn is the budget that gets tested, so a community that clears underwriting today can fail in the new year on the same numbers. Put a community's figures in and the memo to its board writes itself, with the arithmetic shown.

It goes out over your name, not ours. Nothing here is sent anywhere, nothing is stored, and the memo carries no mention of Averbrook. Copy it, edit it, and send it as your own, because it is.

As the board would see it written at the top of a memo.

Optional. The memo goes out over your name, not ours.

Regular assessments for the budget year being adopted, before pass-through items.

The named replacement reserve allocation, not the reserve balance.

Optional. Used only to show the change per unit per month.

Optional. A study under three years old, funded at its highest recommended allocation, is the alternative to the percentage test.

Optional. Printed on the memo so it lands against a specific agenda.

Why this one is worth sending early

Of the three dates that changed condo lending this year, January 4 is the only one a board can still do something about. The August 3 change to Full Review is already in force and the July 1 deductible cap is a matter for the insurer, but the reserve floor is decided by a vote on a budget, and that vote happens in the autumn.

A board that hears about it in January hears about it as a failed sale. The whole point of a memo now is that it is still a budget decision rather than a market problem.

The full reference, with the agency sources behind each figure, is on the rules page, and the readiness check tests a community against six of the thresholds a questionnaire is graded on.

When the questionnaire itself lands

The memo is the easy part of this. The questionnaire is forty answers out of the association's own documents, every arithmetic field computed with the working shown and every material answer carrying its source. We produce it, you review and sign it, and it comes back in 24 to 48 business hours. The first package for any new client is free.

Start a free first package See a finished package