Managing Your Finances
Property Management of Andover offers a full financial management program to condominium communities that need the assistance in creating a healthy reserve account.
Our collections department works specifically on the enforcement of the statutes of the Commonwealth of Massachusetts to ensure prompt collection of fees and protection of the condominium community’s priority position over all other debt holders, including first mortgage holders.
Do you have the time to collect fees from your neighbors? Is your place as priority lien holder over mortgage companies always in first position to collect delinquent condominium fees and legal fees?
We know the procedures; we sponsored the first Super Lien legislation, House Bill #5339 in 1991. It passed the following year, 1992.